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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
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 01-Jan-17 Buy 01-Jan-18 Buy 01-Jan-19 Sell Ownership 60% 30% 10% acquisition cost Rp216.000.000 120.000.000 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 Dividen 15.000.000 Rp50.000.000 20.000.000 Requires: 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 Rp60.000.000 30.000.000
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