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Note (iv): During 20X8 Jarvis paid a dividend of $150m and Whitehill paid a dividend of $60m. Neither company paid a dividend in 20X7. Jarvis recorded the dividend received from Whitehall in ‘other income’.My qn is why do we exclude the share of dividend from Whitehill {80%*60} in our books?
In my opinion, I find that its a parent’s share of dividend from subsidiary.
Thanks.
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