PT A has an investment in PT B with an ownership portion of 90% with a value of 900,000 USD. Investment assumptions in 2020. Then in the current year PT A (the parent) sells its ownership of PT B from 90%, selling 30% to PT C at a price of 500,000 USD.

 

Question:

1. What is the journal entry for the sale of PT A's share ownership investment in PT B to PT C?

2. Does PT A recognize sales profit on the investment, or equity transaction?

Answer rating: 100% (QA)

1 Journal Entry for the Sale of PT As Share Ownership in PT B t... View the full answer