A consolidated journal adjustment set off the dividend receivable reported in the parents statement of financial position
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A consolidated journal adjustment set off the dividend receivable reported in the parent’s statement of financial position against the dividend declared by the subsidiary. Explain why this may not fully eliminate the dividend that is reported in the group statement of financial position.
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
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