• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

ACCA December 2022 Exam results:
* Pass rates * Comments * Instant Poll * Competition *

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Intragroup dividend – Subsidiary declared dividends to Parent

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Intragroup dividend – Subsidiary declared dividends to Parent

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 17, 2015 at 11:31 am #276794
    knowledge4life
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    Dear tutors,

    My question is – A $450 final dividend was declared by the directors of the Subsidiary Ltd on 31 Dec 20X1 to be paid on 31 Jan 20X2 and recorded in the books, however, Parent Ltd had not accounted for the dividends receivables from Subsidiary Ltd.

    May I know what is the impact on consolidated statement of financial position as at 31 Dec 20X1. Is there any impact on retained earning and NCI in the Balance sheet?

    Additional information:
    CL-Dividend payable in Parent accounts is $30,000
    CL-Dividend payable in Subsidiary accounts is $15,000
    Parent owns 80% of subsidiary.

    What I understand so far for the consolidated account.

    Dividend payable 30,000+15,000-(450*0.80)=30,000+15,000+360=44640

    Any helps will be greatly appreciated!

    October 17, 2015 at 12:13 pm #276796
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22698
    • ☆☆☆☆☆

    Put this on the Ask the Tutor page and I’ll answer it!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Capital asset pricing model (part b) – ACCA Financial Management (FM)
  • John Moffat on Capital asset pricing model (part b) – ACCA Financial Management (FM)
  • palbu on Basic group structures – Impairment – ACCA (SBR) lectures
  • AkilaShaikh on Capital asset pricing model (part b) – ACCA Financial Management (FM)
  • AkilaShaikh on Capital asset pricing model (part b) – ACCA Financial Management (FM)

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy