Maroubra Ltd holds 70 per cent of the ownership equity of Coogee Ltd and Coogee Ltd holds
Question:
Maroubra Ltd holds 70 per cent of the ownership equity of Coogee Ltd and Coogee Ltd holds 80 per cent of the ownership equity of Clovelly Ltd. During the financial year the following dividends are paid by the respective companies:
REQUIRED
What amount of dividend payments would be shown in the consolidated financial statements?
Transcribed Image Text:
Maroubra Ltd $120 000 Coogee Ltd $80 000 Clovelly Ltd $60 000
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