Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Dividend Received from Subsidiary

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dividend Received from Subsidiary

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 10, 2019 at 9:48 am #520079
    syeduzairnaqvi
    Participant
    • Topics: 1
    • Replies: 40
    • ☆

    I want to ask the treatment of dividend received from subsidiary in consolidated income statement which was recently examined…I proposed the following entry…Is it correct?

    Dr. Retained Earning 2.8 (70%)
    Dr. NCI 1.2 (30%)
    Cr. Investment Income 4 Mn

    June 12, 2019 at 1:38 pm #520310
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7198
    • ☆☆☆☆☆

    Hi,

    The dividend received from the subsidiary is not included within the group accounts. The dividend will have been recorded within the parent’s individual accounts, and this is eliminated and replaced with the revenue and costs of S on a line by line basis.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.