| View all free ACCA lectures >> | This P2 lecture is based on OpenTuition course notes, view or download here>> |
[jwplayer file=”mp4:vod/acca.opentuitioncom/p2/P2d1p2b.mp4″ streamer=”rtmp://r.acca.opentuitioncom.netdna-cdn.com/play” provider=”rtmp” image=”https://opentuition.com/acca_lectures.jpg” html5_file=”https://d.acca.opentuitioncom.netdna-cdn.com/play/_definst_/mp4:vod/acca.opentuitioncom/p2/P2d1p2b.mp4/playlist.m3u8″]
Why we have add dividend and nci dividend at end when we had already deduct it from retain earning calculation.
@farhanimam, I presume you are referring to the inclusion of these two dividends as current liabilities? Well, if I take them out of Retained Earnings ( Dr Retained earnings ) where exactly do you want me to show the Credit entry?
Can you pls clarify the dividend entry
Dr retain earnings of subsidiary 10,000
Cr retain earnings of parent 1,200
Cr investment 6,000 But we have taken 8333 here
Cr Dividend payable 2,800
@gsaajith, Hi, This is now no longer the correct treatment. I could explain the rationale behind the entry you are asking about …. but the rules have changed so there’s no sense in me now explaining it!
Another question.
for workings 3 cons ret earn
why do we calculate the dividend receivable on 72% of 10,000?
Thanks
@urmila, maybe because we own 72% of the subsidiary and are therefore entitled to receive 72% of the dividend payable by the subsidiary?
How do you get the NCI 87667.
Thanks a mill.
Note 7 in the question
excellent mr little
Sorry, now it should be OK 馃檪
Thank you very much!
quite dissappointed,This lecture is a repetition of part a. Please upload part b.
This lecture is a repetition of part a. Please upload part b.