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[… Co] has not accounted for dividend from [associate Co]…what does it mean?

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › [… Co] has not accounted for dividend from [associate Co]…what does it mean?

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  • November 8, 2014 at 1:27 am #208335
    Mohammed
    Member
    • Topics: 10
    • Replies: 13
    • ☆

    Hi,

    What’s the relevance of that statement? It appears in Example 2 in Chapter 11.

    What accounting treatment would be required if the parent HAD accounted for dividend?

    Many thanks!

    November 17, 2014 at 8:53 pm #210789
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    Hi Mohammed,
    That’s sound like something tricky.
    Shouldn’t the Parent accounted for dividends only if it have received it?
    I think that if company HAD accounted for dividend, cancellation of that entry would be requred..

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