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January 24, 2023 at 12:35 pm #677294
xyzc
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If a question says that a company has recorded its share of the dividend received from its associate in investment income and cash, then will this amount be deducted from cash, investment in associate and retained earnings when consolidating
January 26, 2023 at 8:48 pm #677429
P2-D2
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You do not consolidate the associate. It is equity accounted for.
You only need to remove the investment income.
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