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Dividends Q: 48 Robby BPP Kit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Dividends Q: 48 Robby BPP Kit

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarP2-D2.
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  • January 18, 2017 at 3:49 pm #368191
    Avatarboma77
    Member
    • Topics: 70
    • Replies: 97
    • ☆☆

    Dear Tutor,

    in this question a dividend received from Hail on 1 January 20X3 of $2m has been credited to OCI.

    In the answer the amount of the dividend is transferred from OCI to R.E.. Are dividends received from subsidiary always included in Group R.E.?

    January 22, 2017 at 11:38 am #368852
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    Dividends received are investment income and so are recorded in profit or loss, and therefore in retained earnings.

    Thanks

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