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Hi sir,
May I know how to account for dividends received from the associate to parent in conso?And what is the double entry for dividends received and dividends payment in the individual Financial statements when they are declared and paid/received.thank you.
Hi,
Dividends received from the associate will reduce the value of the investment in associate as the parent is receiving a distribution from the associate’s net assets and therefore owns less of the associate’s net assets.
I’ve answered the other question in your previous thread.
Thanks
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