Consolidated Dividends During 2005, Pixcor declared dividends of $100,000, and its 100%- owned subsidiary, Sixcor, declared dividends
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Consolidated Dividends During 2005, Pixcor declared dividends of $100,000, and its 100%-
owned subsidiary, Sixcor, declared dividends of $40,000 ($30,000 was paid in 2005 and $10,000 was paid on 1/1/06).
What amount is reported as dividends in the consolidated statement of retained earnings for 2005?
Why?
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