21 April 2014
A Ltd owns 80% shares of B Ltd and B Ltd owns 85% shares of C Ltd. Proposed Dividends of the 3 Companies are: A 100000 B 60000 C 40000 Parent Companies have included Proposed Dividend of their subsidiary in their Debtors. What can be the correct treatment for the above situation in Consolidated Financial Statement of the group? Kindly elaborate upon Analysis of Profit, Minority Intt and Consolidated R&S as well.
CAclubindia
