Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › F7 chapter10 example5
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- January 23, 2016 at 9:36 am #297523
Hi
If i may ask. How come there are no lectures for chp 10 ex 5 &6 and chp 11. I feel so comfortable watchin your lectures 🙂In chp 10 ex. 5..Can you pls explain from were the dividends payable of 6000 under Didzis in W3b ret. Earn. C/f came from?
Thanks
January 23, 2016 at 6:03 pm #297612Didzis has 75% of Ansis.
Ansis has accounted for a dividend of $8,000
Didzis should receive 75% of that $8,000 but has nowhere shown that investment income in the figures in the question
I can only assume that Ansis has declared the dividend and therefore correctly accounted for it, but has not yet paid it so Didzis doesn’t know as at the year end that they’re going to receive their share of 75% of $8,000
But we know! So we can make that adjustment when preparing the working W3 proof figure
January 27, 2016 at 10:56 am #298118Thank you for your reply. 🙂
January 27, 2016 at 12:29 pm #298126You’re welcome
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