FNST jUST CANNOT WORK OUT

ackeeandsaltfish

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:

Nps

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.

Nps

http://forums.aat.org.uk/showthread.php?36293-FNST-Consolidated-SOCI-Query-BPP&highlight=Deer+claw

Hopefully all will become clear.

ackeeandsaltfish

Thanks Nps i knew it was simple was having a Dohhh moment must admit one thing i will remember

Nps

I wouldn't beat yourself up too much, that question seems to throw a lot of people.

ackeeandsaltfish

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