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Dividend receivable from associate

Ddrice9911y ago
Hi mike. I have a question on page 66 example 2, the solution States the share of profits from the associate on the soci are 2300 x 28% = 644. Would you not take off the dividend payable by the associate first ie 2300 - 400 =1900 1900 x 28% = 532 profit on our soci? Cheers Hugh
MikeLittleMikeLittleTutor11y ago#1
And what would you do with our 28% of the dividend (28% x 400 = 112) Add 112 to 532 and what do you get? Ok?
Ddrice9911y ago#2
Yes that makes sense, of course, cheers.
MikeLittleMikeLittleTutor11y ago#3
You're welcome
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