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Calculate omega corp investment balance in zeeta corp

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Reference no: EM133103419

Question - Omega Corp as of December 31, 2016 has a share capital of IDR 200,000,000 and Retained Earnings of IDR 100,000,000. Zetta Corp bought 80% ownership of Omega Corp in several stages as following:

Tanggal

Transaction

Ownership

acquisition cost

01-Jan-17

Buy

60%

Rp216.000.000

01-Jan-18

Buy

30%

120.000.000

01-Jan-19

Sell

10%

35.000.000

The difference in the purchase price is considered as goodwill and is not amortized. During 2017, 2018 and 2019 Zeeta Corp and Omega Corp reported the following information:

 

2017

2018

2019

Zeeta Corp


Laba Bersih 

Rp140.000.000

Rp150.000.000

Rp175.000.000

Dividen

35.000.000

40.000.000

55.000.000

 


Omega Corp


Laba Bersih

Rp40.000.000

Rp50.000.000

Rp60.000.000

Dividen

15.000.000

20.000.000

30.000.000

Required -

1. Calculate Omega Corp's investment balance in Zeeta Corp's books for 2017, 2018 and 2019?

2. Prepare journal entries related to the investment in 2017, 2018, 2019?

3. Calculate profit for NCI 2017, 2018, 2019?

Reference no: EM133103419

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