When preparing the consolidated financial statements and why

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Reference no: EM132705078

Problem 1: When preparing the consolidated financial statements, any dividend paid by a parent entity to its shareholders:

1. has no impact on the group accounts

2. must be recognised as dividend receivable in the consolidated financial statement

3. must be ignored because the transaction does not bring in any additional cash to the group

4. must be eliminated because the transaction does not give rise to any profit

Reference no: EM132705078

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