Question
PT DEF purchased shares owned by PT PT KLM for Rp. 1,500 per share of 1,000 shares on January 1, 2020. PT KLM has 15,000
PT DEF purchased shares owned by PT PT KLM for Rp. 1,500 per share of 1,000 shares on January 1, 2020. PT KLM has 15,000 outstanding shares with a par value of Rp. 1,300. On December 31, 2020, PT KLM distributed dividends of Rp. 150 for each share outstanding. Meanwhile, PT KLM also posted a net profit for 2020 of Rp150,000,000. As of December 31, 2020, PT KLM's share price was Rp. 1,450 per share.
REQUESTED:
a. Record all transactions made by PT ABC.
b. If PT ABC buys 3,500 PT KLM shares at a price of Rp. 1,370 per share, record all transactions made by PT ABC.
c. If PT ABC buys 8,000 PT KLM shares at a price of Rp. 1,350 per share, record all transactions made by PT ABC.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
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