Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Proposed dividends by subsidiary companyIf the subsidiary company has proposed some dividends appearing under current liabilities then the dividends are payable to the holding company and minority interest.The share that belongs to the Minority Interest will remain as a current liability and will be added to the proposed dividends of the holding company to form the group proposed dividends.However, the share that belongs to the holding company is a form of inter-company balance and should thus be excluded from the consolidated balance sheet.The following entries are relevant;a) If the holding company has accrued its share of proposed dividends.
DR. Group proposed dividends CR. Group receivables (includes dividends receivable)
b) If the holding company has not accrued for the share of its proposed dividends
DR. Group proposed dividends CR. Group retained profits.
working with par value and common value and preferred value in accounting help
Q. Show the Foreign Tax Credit? Foreign Tax Credit - A U.S. taxpayer who pays or accrues income tax to a foreign country may elect to credit or deduct these taxes in a determin
The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm's stock price
Do we recognise revenue if it will be assigned to other party ?
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2013 ($ in 000s): sales revenue, $
The following information for Cooper Enterprises is given below: December 31, 2013 Assets and obligations Plan assets (at fair value) $200,000 Accumulated benefit obligation 370,00
Sleek Ride, a company providing limo services, has a December 31 year-end date. For Sleek Ride, the following transactions occurred during the ?rst 10 days of June: a. Purchased, o
Suppose that the annual rate of interest is 4%. (a) What is the monthly rate? (b) Consider a 3-year lease on a car that is worth $20,000 today. The first payment on the lease
Q. What do you understand by Partnership? Partnership - Relationship between two or more persons based on anoral, written or implied agreement whereby they agree to carry on a
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd