Proposed dividend of subsidiary included in debtor of parent
This query is : Resolved
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.
The detailed question is in the link below:
https://wikisend.com/download/194604/Test_Financial Reporting _30th Jan_2014.pdf
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.
The detailed question is in the link below:
https://wikisend.com/download/194604/Test_Financial Reporting _30th Jan_2014.pdf
21 April 2014
correction, the link is:
https://wikisend.com/download/194604/Test_Financial%20Reporting%20_30th%20Jan_2014.pdf
https://wikisend.com/download/194604/Test_Financial%20Reporting%20_30th%20Jan_2014.pdf
10 August 2024
https://docs.google.com/document/d/11Zb-4ObZiPx6jvQClRRyhwmBIzt3D9ea0pzqCqpJ8UM/edit?usp=sharing
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- ITR-3 File/Error Found
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
