Please help DFS

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:10AM in AAT student discussion
Where in the financial statement would i put dividends received?<BR><BR>Many thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Please help DFS

    If it is from a fixed asset investment it would go under Operating Profit as "Income from Fixed Asset Investments". If it is an inter-company dividend it would not be included in the consolidated financial statements as intra-group trading is cancelled out. If it is any other form of dividend, again it would be included under Operating Profit classified as other income with a narrative "Dividend Received". <BR><BR>Let me know if you need any more help.<BR><BR>Regards<BR>Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Please help DFS


    Hello,

    I have a couple of questions relating to the answers to this exam;

    Firstly, where do you get the 'goodwill written off' figure of £200 from in task 1.3?
    Secondly, where do you get the 'goodwill on acquisition' figure of £500 from on task 1.4?

    and finally, the 'Group's share of post-acquisition profits' £1,000,000?

    Thanks

    Anns
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Please help DFS

    Can you tell me if you are working off a past exam paper - if you are which sitting is it and I can look at the question and reply to your query - if you are looking at a textbook you will have to forward me the question via the forums.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Please help DFS

    Hi Steve,

    Sorry I meant to say, I was practising the June 05 DFS exam.

    Thanks

    Anns

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