How bright ltd should account for dividend paid by moon ltd

Assignment Help Financial Accounting
Reference no: EM132513752

On 1 july 2020, bright ltd acquired 50% of the issued share in moon ltd. at 30 june 2021 star ltd declared a final dividend. bright ltd is also a parent entity and prepares consolidated financial statements.

Question 1: Briefly describe , how bright ltd should account for the dividend paid by moon ltd.

Reference no: EM132513752

Questions Cloud

Discuss the relationship between data and information : Discuss the relationship between data, information, and knowledge. Why do organization have information deficiency problem?
Prepare the Equity section of the corporation balance sheet : Common Shares, unlimited shares authorized, 20,800 shares issued and outstanding $376,000. Prepare the Equity section of the corporation balance sheet
Which project should the company select : Which project should the company select if the interest rate is 14% at the cash flows in Project B is also at the beginning of each year?
What is continuous quality improvement : What is Continuous Quality Improvement (CQI)? Provide examples of the types of CQI programs a health care organization may have.
How bright ltd should account for dividend paid by moon ltd : Briefly describe , how bright ltd should account for the dividend paid by moon ltd. On 1 july 2020, bright ltd acquired 50% of the issued share in moon
Topic of your annotated bibliography : The topic of your annotated bibliography is. how do healthcare companies address the issue of privacy in their policies?".
Prepare tabular summary to record salaries : Prepare tabular summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned
Compute what net present value of investment in furnace : Compute What is the net present value of the investment in the furnace? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)
Determine the transportation accident : Is this a transportation accident? Why, or why not? Explain the actions required to be taken by the driver in such a scenario.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd