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TAX IN ASSOCIATE

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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December 10, 2010 at 2:09 am #46831
pearly2
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- Topics: 19
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HI MIKE WHEN DOING THE CONSOLIDATED STATEMENT OF INCOME.DO I TAKE THE ASSOCIATES’ SHARE OF TAX TO THE CONSOL?
February 1, 2011 at 1:06 pm #74168
MikeLittle
Keymaster
- Topics: 27
- Replies: 23203
NO! Show as a pre-tax element the parent’s share of the Associate’s POST-TAX profits. DO NOT take the parent’s share of Assoc’s tax into the tax figure in the Consol SoIncome
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