Consolidations Flashcards

1
Q

In a parent/subsidiary relationship how are dividends treated when paid/declared?

A

Only dividends paid to parent shareholders will be reported as dividends paid. Dividends paid to parent by sub will be eliminated in consolidation. Dividends paid to shareholders other than parent will be reported as an adjustment to the noncontrolling interest account.

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2
Q

For non controlling interest do you need a seperate disclosure

A

No seperate disclosure needed for Non controlling interests.

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