a) Explain how each dividend would be treated in both consolidated statement of profit or loss and the consilidated statement of changes in equity for the year ended 30 june 2022 b) prepare the retained earning and non controlling income columns from the consolidated statment of changes in equity for the year ended 30 June 2022 c) what determines the status of an investment as an associate?

Bright Ltd has a 60% subsidiary Sharp Ltd and a 30% associate Able Ltd and is producing its consolidated financial statements for the year ended 30 June 2022, extracts of which are shown below: Extract from the consolidated statement of profit or loss for the year ending 30 June 2022 Extract from the consolidated statement of financial position at 30 June 2022 Each company paid a dividend during the year: - 250,000 was paid by Bright - 150,000 was paid by Sharp - 100,000 was paid by Able You can assume the dividends have been correctly recorded in the financial statements of the individual entities. Bright Ltd has a 60% subsidiary Sharp Ltd and a 30% associate Able Ltd and is producing its consolidated financial statements for the year ended 30 June 2022, extracts of which are shown below: Extract from the consolidated statement of profit or loss for the year ending 30 June 2022 Extract from the consolidated statement of financial position at 30 June 2022 Each company paid a dividend during the year: - 250,000 was paid by Bright - 150,000 was paid by Sharp - 100,000 was paid by Able You can assume the dividends have been correctly recorded in the financial statements of the individual entities