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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › CONSOLIDATION
Sir could you please explain how dividends from associate is treated in consolidated PNL and consolidated SOFP?
Hi,
Any dividends received from the associate are eliminated when equity accounting as we are replacing them with the share of profit of associate in the group SPL. On the group SFP the dividend received is a reduction in the investment in associate.
Thanks