Why are dividend payments to non-controlling shareholders treated as an outflow of cash in the consolidated cash flow statement but not included as dividends paid in the consolidated retained earnings statement?
Answer to relevant QuestionsWhen should the change in accounting for a long-term investment from the cost method to the equity method be accounted for retroactively, and when should it be accounted for prospectively? On December 31, Year 7, Pepper Company, a public company, agreed to a business combination with Salt Limited, an unrelated private company. Pepper issued 72 of its common shares for all (50) of the outstanding common shares ...Intercompany shareholdings of an affiliated group during the year ended December 31, Year 2, were as follows: The equity method is being used for intercompany investments, but no entries have been made in Year 2. The profits ...Financial statements of Par Corp. and its subsidiary Star Inc. on December 31, Year 12, are shown below: Other Information • On January 1, Year 5, the balance sheet of Star showed the following share-holders’ ...Access the 2011 financial statements for BCE Inc. by going to investor relations section of the company’s website. Answer the same questions as in Problem1. Round percentages to one decimal point and other ratios to two ...
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