PT DEF purchased shares owned by PT PT KLM for Rp. 1,500 per share of 1,000 shares

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PT DEF purchased shares owned by PT PT KLM for Rp. 1,500 per share of 1,000 shares on January 1, 2020. PT KLM has 15,000 outstanding shares with a par value of Rp. 1,300. On December 31, 2020, PT KLM distributed dividends of Rp. 150 for each share outstanding. Meanwhile, PT KLM also posted a net profit for 2020 of Rp150,000,000. As of December 31, 2020, PT KLM's share price was Rp. 1,450 per share.

REQUESTED:

a. Record all transactions made by PT ABC.

b. If PT ABC buys 3,500 PT KLM shares at a price of Rp. 1,370 per share, record all transactions made by PT ABC.

c. If PT ABC buys 8,000 PT KLM shares at a price of Rp. 1,350 per share, record all transactions made by PT ABC.

Posted Date: Dec 10, 2021 12:52 PM

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PT DEF purchased shares owned by PT PT KLM for Rp. 1,500 per share of 1,000 shares

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a Under Fair value Net income method Date Accounts Debit Credit Jan 1 2020 Investment in stock Tradi... View the full answer

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