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sir,pls let me know that what is the accounting treatment of dividends when subsidiary is acquired during the year. your quick and prompt action in this regard will be highly appreciated
the pre-acq element should be credited against cost of investment ( thereby reducing the goodwill ) and the post acq element should be included in ret ears. A q will possibly say “the whole of the div from S has been included in H’s income statement”.. Need to reduce the H ret ears by the extent of the pre acq element