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henrysque

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  • October 25, 2016 at 6:37 pm #346007
    mysteryhenrysque
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    @mikelittle said:
    In subsidiary records, Dr Retained Earnings Cr Dividend Payable

    In parent records, Dr Dividend Receivable Cr Investment Income

    In subsidiary records, Dr Dividend Payable Cr Cash

    In parent records, Dr Cash Cr Dividend Receivable

    Ok?

    Hi Mike,
    Really need your help on something.

    Can you please explain to me thoroughly about the Investment in Son/Subsidiaries account?
    When the Son declared dividends, the Parent record Cr Investment in Son.

    And also, when the dividend got paid on the next year (after declared at the end of previous year), what will be the accounting records?

    Thank you so much before Mike!
    Really hope to hear from you soon.

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