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

This topic has 1 reply, 2 voices, and was last updated 11 years ago by Sangria9.

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November 8, 2014 at 1:27 am #208335
Mohammed
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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
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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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