FNST jUST CANNOT WORK OUT

ackeeandsaltfish
ackeeandsaltfish Registered Posts: 11 Regular contributor ⭐ 😼 ⭐
Hi all

I'm having a brain meltdown here might be because of the weather.

Well my problem is this

AAT Assessment 1 1.5 on the consolidated Income

Claw Co has other income of £1800,000 from the income

In the other notes it says

: other income included a dividend received from deer

:deer ltd had paid a dividend of £1710,000 on 17th march (31st march year end)



Would i have to deduct 1710,0000 from 1800,000=90,000 or am i missing something as AAT answers say 261000


Thanks

Danny:001_wub:

Comments

  • Nps
    Nps Registered Posts: 782
    Stand by, I've answered this question a couple of times on here, I'll just find an old thread and link to it.

    It's all about some of the dividend being paid from one company to the other so being cancelled out on consolidation, so the bit that is left over is the final figure shown.
  • ackeeandsaltfish
    ackeeandsaltfish Registered Posts: 11 Regular contributor ⭐ 😼 ⭐
    Thanks Nps i knew it was simple was having a Dohhh moment must admit one thing i will remember
  • Nps
    Nps Registered Posts: 782
    I wouldn't beat yourself up too much, that question seems to throw a lot of people.
  • ackeeandsaltfish
    ackeeandsaltfish Registered Posts: 11 Regular contributor ⭐ 😼 ⭐
    yep but from my reading i thought you deducted the whole of the dividend does not really explain to much in book.

    Thanks so much
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