The end portion of the individual Statements of income of Alpha and its subsidiary Beta are shown.

Question:

The end portion of the individual Statements of income of Alpha and its subsidiary Beta are shown. Alpha acquired 75% of Beta three years earlier. Identify the amounts that should be reported on the Consolidated Statement of changes in equity as

(a) The consolidated profit for the current year and

(b) Dividend declared

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:25 AM

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The end portion of the individual Statements of income of Alpha and its subsidiary Beta are shown.

Question:

Profit after taxation Dividend declared Retained profit Alpha £580 (£200) £380 Beta £240 (£80) £160

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Financial Accounting An Introduction

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