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In 2019, BVI Inc a company incorporated in British Virgin Island, intended to lend some money to its Indonesian subsidiary. PT Indoindo, with fair interest
In 2019, BVI Inc a company incorporated in British Virgin Island, intended to lend some money to its Indonesian subsidiary. PT Indoindo, with fair interest rate. To do, firstly BVI Inc created another subsidiary, Mart Co, In Mauritius. Next BVI Inc lent the money to Mart Co and Mart Co lent the same amount of money to PT Indoindo. a. How much is the potential loss of Indonesia in the event? Assumed, in 2019, PT Indoindo paid interest to Mart Co of Rp 5.000.000.000 (contribution:10%)
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
