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Hi Sir Mike,
How are you? hope you are doing fine, sir I have a question, in chapter 10 of OT notes example 5, in model answer I didn’t understand when calculating consolidation retained carried forward, from where 6000 dividends recievable are added in retained earnings of dizdis? please elaborate
Thanks in Advance….. 🙂
When calculating a proof (very rarely asked for in a Statement of Income question) it’s the normal working 3 “H’s own + H’s share of S ….”
H’s own is the retained earnings as shown in the H Statement of Income, and that includes the dividend received / receivable from its subsidiaries
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