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Retained earnings

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Retained earnings

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • April 4, 2020 at 9:06 pm #566503
    YAO821
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    The iredeemable preference dividend due was paid on 30 June 2013 and will be shown in the statement of changes in equity for the year ended 30 June 2013.

    Why the dividend is added back from SOCE to retained earning?The answer says it has already taken off as dividend.

    April 8, 2020 at 8:05 pm #566877
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    You’d need to show me the question. The dividend is deducted from retained earnings in the SOCIE, so cannot understand what/why is being added back. It could be that there is an error that has already been made somewhere and they are making an adjustment to correct it in the answer.

    Thanks

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