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[Show your computation] PT. Cendrawasih purchased 20,000 ordinary shares of PT. Kakatua as a trading investment for Rp42,000,000. During the year, Sherman paid a cash
[Show your computation] PT. Cendrawasih purchased 20,000 ordinary shares of PT. Kakatua as a trading investment for Rp42,000,000. During the year, Sherman paid a cash dividend of Rp250 per share. At year-end, PT Kakatua shares were selling for Rp2,800 per share. If any, prepare PT Cendrawasih' journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment
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