Where a subsidiary has declared but not paid a dividend on a cum-dividend basis on acquisition date,the amount of the dividend must be recorded by the parent company as:
A) revenue.
B) a reduction in the cost of the investment.
C) a reduction in the amount of goodwill on consolidation.
D) none of the above,
Correct Answer:
Verified
Q6: The purpose of consolidated financial statements is
Q7: Where a subsidiary's financial reporting period ends
Q8: The general purpose financial statements (GPFS)of a
Q9: Discuss the changes in the accounting rules
Q10: A parent and its subsidiary adopt different
Q12: A company with a constitution that provides
Q13: Goodwill on acquisition is recorded when:
A) the
Q14: All consolidation adjusting entries must be repeated
Q15: Consolidation worksheet adjusting entries are recorded:
A) in
Q16: A company adopting the replaceable rules included
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