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Hi Mike,
Im trying to do this question from the course notes.
When im checking the answer working W3b Retained earnings c/f there is a divided receivable of €6,000.
Can you please explain how dividend was calculated?
Regards,
MartaI hope you don’t mind me having a go at answering this, but it’s good practice for me too!
It looks to me that Ansis paid a dividend of $8,000, as shown in the statement. As Didziz has a 75% shareholding in Ansis, it follows that Didziz should receive 75% of this dividend. Therefore, $8,000 * 75% = $6,000.
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