As of December 31, 2020, the separate company financial statements of Drao co and Its 80% owned subsidiary, Lesa Co, has a related balance with dividends as follows: Dividend 2020 Dividend payable December 31, 2020 Drao co CU600.000.000 CU300.000.000 Lesa Co CU400.000.000 CU100.000.000 Requested: 1, What is the dividend value that will appear in the consolidated Retained Earnings statement? 2, How much dividend payable will appear on the Consolidated Balance Sheet?

As of December 31, 2020, the separate company financial statements of Drao co and Its 80% owned subsidiary, Lesa Co, has a related balance with dividends as follows: Dividend 2020 Dividend payable December 31, 2020 Drao co CU600.000.000 CU300.000.000 Lesa Co CU400.000.000 CU100.000.000 Requested: 1, What is the dividend value that will appear in the consolidated Retained Earnings statement? 2, How much dividend payable will appear on the Consolidated Balance Sheet?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 25E

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