Group retained profits-group accounts, Financial Accounting

Assignment Help:

Group retained profits

Retained profits ideally should be the amounts that can be distributed as dividends. Therefore,  in arriving at group retained profits, careful attention should be paid to the profits of the subsidiary company. All the profits of the holding company can be distributed or are distributable.

However, the subsidiaries profits belong to both the holding company and the minority interest. Thus the share that belongs to the minority interest will be transferred to the Minority interest’s account.

The remaining profits that belong to the holding company should be split between pre-acquisition profits and post acquisition profits.


Related Discussions:- Group retained profits-group accounts

Income statement-group accounts, Normal 0 false false false...

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4

Value added tax, 1. discuss how VAT system works by using relevant examples...

1. discuss how VAT system works by using relevant examples. 2. list and explain the VAT supply categories; provide relevant examples of each category. 3. provide a recommendation r

Determine the profitability index for this project, An investment project r...

An investment project requires a net investment of $100,000 and is expected to generate annual net cash inflows of $25,000 for 6 years. The firm's cost of capital is 12 percent. De

Renfro rentals has issued bonds, a) The actual risk-free rate is 3%, and in...

a) The actual risk-free rate is 3%, and inflation is usual to be 2% for the next 2 years. A 2-year Treasury security yields 6.7%. What is the maturity risk premium for the 2-year s

Nature of the reports produced - financial accounting, State the Nature of ...

State the Nature of the reports produced - Financial accounting Financial accounting reports tend to be general-purpose which is, they contain financial information which would

Interest-probable debts, Interest Interest may be claimed-up to the dat...

Interest Interest may be claimed-up to the date of the receiving order - if it is payable: By agreement; By statute; If the debt was created in writing and due at a

Cash flow statement, In additional information depreciation of two years is...

In additional information depreciation of two years is given. What is the treatment of it while preparing fixed assets account.

Calculate the standard deviation of ibm and att, Question: ...

Question: State of the Economy Probability of state occurring IBM Return (%) ATT Return (%)

Bond Amortization, How do you show bond amortization on a spreadsheet and t...

How do you show bond amortization on a spreadsheet and then in journal entries and compute interest payments?

Ticket Id - EM131058373M27, hello, i have got my answer, but i don''t know ...

hello, i have got my answer, but i don''t know the PART C why doesn''t calculate "working capital: 60000"?????? can not find match number in the solution table

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd