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income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › income

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by AvatarP2-D2.
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  • January 24, 2023 at 12:35 pm #677294
    Avatarxyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    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
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    You do not consolidate the associate. It is equity accounted for.

    You only need to remove the investment income.

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