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Help with dividends deduction.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Help with dividends deduction.

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • March 12, 2015 at 9:38 am #232119
    mysoul
    Member
    • Topics: 28
    • Replies: 30
    • ☆☆

    Hey Mr Mike
    I pick up this in the flash card revision section.
    The parent has a 75% holding in a subsidiary. Before the year end, the subsidiary directors declared a dividend of $6,000. How much dividend should be deducted from the subsidiary’s retained earnings in the calculation of consolidated retained earnings ( Working 3 )?
    The answer is that all of it should be deducted. Please kindly clarify me on the reasoning of this deduction.

    March 12, 2015 at 9:47 am #232121
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    How much dividend is the subsidiary going to pay, in total?

    So how much needs to be taken out of the subsidiary’s retained earnings?

    Does that answer it for you?

    March 12, 2015 at 12:06 pm #232129
    mysoul
    Member
    • Topics: 28
    • Replies: 30
    • ☆☆

    Thank you sir,
    am clear now.

    March 12, 2015 at 12:31 pm #232132
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    Good!

    You’re welcome

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    Posts
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