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Editorial Board on Accounts and Audit
  • Consolidation

    by Kamal on Saturday, September 07, 2019 at 06:43 PM

    Sir, What shall be the treatment of pre-acquisition dividend received by the parent company from its subsidiary company

    Replied byEditorial Board Monday, September 16, 2019 at 09:08 PM

    Para 28 of AS 21 provides that a holding company shall account for its investment in subsidiaries in accordance with principles of AS 13. According to the principles of AS 13, in separate financial statements of holding company, pre-acquisition dividend shall be deducted from the cost of investment in subsidiaries.

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