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For example if Parent owes Subsidiary $100.
Receivable needs to deducted by 100, Payable needs to deducted by 100
We got 2 entries here so the figure is tally.But while performing the consolidation for SOPL for Parent and Subsidiary. If the Parent SOPL consists of dividend received $100 from Subsidiary. We need to eliminate it.
First step = “SOPL, Dividend received from Subsidiary $100 – $100 = $0”
So where is the second entry for this?i mean like aside from cancel out the dividend received from in SOPL, do we need to do anything in SOPL or SOFP or anything other than those 2 again?
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