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Dividends from sbsidiaries

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dividends from sbsidiaries

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.
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  • April 19, 2012 at 10:10 am #52283
    talhaadnan
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Can you please explain the accounting treatment of dividends received from subsidiaries by a parent in which another subsidiary of the same parent has also acquired its interest. For instance, P (parent) has two subsidiaries Q & R. P owns 90% of Q and 60% of R, but Q also owns 30% of R. If R declares a dividend of 10,000, how to account for it?

    April 20, 2012 at 1:41 pm #96460
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23364
    • ☆☆☆☆☆

    See the course notes example Anda, kristina and Liene

    The second example which says “Now, using the same information, prepare the CSoFP assuming that dividends have been proposed by the three companies of ( I can’t remember the amounts, but say, ) 30,000, 18,000 and 10,000 respectively”

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