Dividend Payment to Parent's Parent Company

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June 27, 2018 at 11:36 pm #460404
erprostk
Member
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How would you account for a dividend paid to the parent company two levels above. As an example.

Company A owns 100% of Company B. Company B, in turn, owns 100% of company C.

Company C pays a $5000 dividend directly to company A.

Thanks for the help!
June 29, 2018 at 9:22 am #460510
P2-D2
Keymaster
- Topics: 4
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Hi,

This is part of a complex group structure and is not within the syllabus.

Thanks
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