| Title | : | Eliminating Dividends Declared by Subsidiary | Group Financial Statements |
| Lasting | : | 4.25 |
| Date of publication | : | |
| Views | : | 15 rb |
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2:58 : Would the following entry be correct?brbrCr Dividend declared $80brCr NCI $20brDr Shareholder for dividends $100brbrThanks Comment from : @yysskk7445 |
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Hello, dividends declared is a income or balance sheet account? Comment from : @JoieSabordo-oz2jt |
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Let's say the subsidiary (S Ltd) has already paid the dividend to the Holding What would be the bookings on S ltd's side for the dividend payment? Thanks a lot! Comment from : @stefanmiladinovic4567 |
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Umm so at the end, from a consolidated income statement perspective, we will have a total of 80 reporting as dividend income even though It’s inter company? Comment from : @jessz1723 |
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Why do we credit the full 100 dividends declared, when we only want to eliminate 80? Comment from : @monicamanilal5825 |
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Thanks H will be liable to pay a 15 tax on the dividend On consolidation, when the dividend income is eliminated, what happens to the tax in the income statement? Comment from : @gerhardlabuschagne6406 |
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that is quality education! Comment from : @zainalii |
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