E 9-1 Calculation of indirect holdings ownership Pandu Tbk acquired a 90 percent interest in Sunda Tbk on January 1, 2012, when the book value of its net assets was the same as fair value. On January 1, 2013, Sunda Tbk acquired a 60 percent interest in Dewa Tbk, when the book value of its net assets was equal to fair value. There were no transactions among the three companies in 2013. On January 1, 2014, Pandu Tbk purchased a 20 percent interest in Dewa Tbk, when the book value of its net assets was equal to fair value.

REQuIRED 1. What type of indirect holdings existed for the three companies in 2013? What percent of ownership did Pandu TBK have over Dewa TBK?

2. What type of indirect holdings existed for the three companies in 2014? What percent of ownership did Pandu TBK have over Dewa TBK?