PT Polindo acquired 90% ownership of PT Shipper's shares worth IDR414,000,000 on January 2, 20X1. At the acquisition date, PT Shipper reported common stock and retained earnings amounting to Rp250,000,000 and Rp100,000,000, respectively. The fair value of non-controlling interests amounting to Rp46,000,000. At the acquisition date, the book value and fair value of PT Shipper's assets and liabilities are the same except for the following accounts:
	Book Value	Fair Value
Inventory	80.000.000	70.000.000
Land	45.000.000	145.000.000
Bonds Payable	50.000.000	70.000.000
At the acquisition date, the remaining maturities of the bonds are 4 years. Amortization of the difference in fair value and book value of the bonds in 20X1 amounted to Rp.5,000,000. PT Shipper's inventory balance as of January 1, 20X1 sold out in full for the year 20X1. Based on the review results at the end of 20X1, there was an impairment loss of goodwill amounting to Rp20,000,000. Information on financial position and reports on results of operations for 20X1 are listed in the attached working paper. Please : 1. Calculating the differential, including any goodwill at the acquisition date 2. Make a journal of investments in subsidiaries using the equity method by the Parent Company. 3. Make basic calculations and elimination entries based on changes in book value of equity. 4. Make calculations and journal elimination of differential. 5. Calculate consolidated profit or loss for the non-controlling parties and controlling parties.

Answer rating: 100% (QA)

1 Computation of differential at the acquisation date Amount received 414000000 Common stock 2250000... View the full answer