Eliminating Dividends Declared by Subsidiary | Group Financial Statements

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@yysskk7445
2:58 : Would the following entry be correct?brbrCr Dividend declared $80brCr NCI $20brDr Shareholder for dividends $100brbrThanks
Comment from : @yysskk7445


@JoieSabordo-oz2jt
Hello, dividends declared is a income or balance sheet account?
Comment from : @JoieSabordo-oz2jt


@stefanmiladinovic4567
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


@jessz1723
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


@monicamanilal5825
Why do we credit the full 100 dividends declared, when we only want to eliminate 80?
Comment from : @monicamanilal5825


@gerhardlabuschagne6406
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


@zainalii
that is quality education!
Comment from : @zainalii

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