Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer is question with explanation plz MY ALPH P. Reporting 34. Bumi Corporation purchased an investment in the ordinary shares of another corporation for Rp250,000,000

image text in transcribed

answer is question with explanation plz

MY ALPH P. Reporting 34. Bumi Corporation purchased an investment in the ordinary shares of another corporation for Rp250,000,000 in 2009. The shares are actively traded on the Indonesian Stock Exchange. The fair value of the investment at December 31, 2011 is Rp 266,000,000. If the company follows the fair value principle, the investment will be reported in the 2011 financial statement at a. Rp250,000,000 on the statement of financial position. b. Rp266,000,000 on the statement of financial position. C. Rp250,000,000 on the retained earnings statement. d. Rp265,000,000 on the retained earnings statement. Ang SOS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Birth Of American Accountancy

Authors: Peter L. McMickle, Paul H. Jensen

1st Edition

0367534681, 9780367534684

More Books

Students also viewed these Accounting questions

Question

=+Find and interpret an autoregressive model for the euro prices.

Answered: 1 week ago

Question

Define recruitment.

Answered: 1 week ago

Question

Identify external recruitment sources.

Answered: 1 week ago