Why is a non-wholly owned subsidiarys dividend payments completely eliminated even though the parent does not receive
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Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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The portion of dividends that is paid by the subsidiary to shareholders other than the ...View the full answer
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Related Book For 
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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