After eliminating the dividend payable to the parent,the balance of the dividend payable to the non-controlling interest will be:
A) eliminated as well.
B) included within the consolidated financial statements.
C) recognised as an expense in the consolidated financial statements.
D) transferred into a non-controlling interest reserve account.

Question

Quizplus · Accepted Answer

Dividends payable to non-controlling interests are included within the consolidated financial statements because they represent obligations of the consolidated entity to owners who are not part of the parent company.

After Eliminating the Dividend Payable to the Parent,the Balance of the Dividend