For the answer posted. In the minority interest answer why is there a section where it is says { dividend received by Min int from Harry=2 , Decrease equity Min Int on consol BS; Remove from consol P&L ( Harry divi paid) ? } Since Harry's dividend is already removed through inter-company dividends and reflected on the answer in the inter-coompany trading. Furthermore div=2 it is not reflected on the answer in the income statement. Is this a misprint ? Or am I missing something. Please help

Q2. Turnover Cost of sales Gross profit Distribution exps Admin exps Operating profit Dividend income Profit before tax Taxation Profit after tax less: Minority interest Consol profit for year Workings 1. Goodwill 104 80 Investment in Harry Share Capital acquired Reserves acqd (80% x-20) -16 Goodwill 64 40 30 2. Intra-group trading: Ron sales to Harry Group sales overstated by Group cost of slaes overstated by Consol profit overstated by URP [Increase sost of sales: 2/3 x 12] Consol stock overstated by URP 8 8 3. Inter-company dividends Divi paid by Harry to Ron Remove from consol P&L Ron divi income Harry divi paid 4. Minority interest Share of Harry's profit after tax (20% x 20) Charge in consol P&L; increase equity of Min Int on consol BS Divi received by Min Int from Harry 2 Decrease equity Min Int on consol BS; Remove from consol P&L (Harry divi paid) Ron Harry Adj Ron Group 200 90 -30 80 50 -30+8 120 40 20 5 25 10 6 16 90 29 8 98 29 30 9 68 20 30 8 260 108 152 41 111 0m 32 2 48 68 Note 22 1 3 Q2. Ron bought 80,000 shares in Harry on 1 Jan X0 for 104,000 when Harry had reserves showing a retained loss of 20,000. Harry has had 100,000 shares of 1 nominal value throughout the period. The fair value of Harry's assets on 1 Jan XO was the same as their NBV. During the year to 31/12/X0, Ron sold goods to Harry for 30,000, which included a profit of 12,000. At 31/12/X0, % of the goods were still in Harry's stock. Harry has paid its dividend; Ron's dividend has been proposed, but not paid at the year end. Based on the respective income statements of Ron and Harry below, prepare a consolidated Income Statement for Ron Group for the year ending 31/12/X0. Ron Harry Turnover 200 90 Cost of sales 80 50 Gross profit 120 40 Distribution exps Admin exps Goodwill amortisation. Operating profit Dividend income Profit before tax Taxation Profit after tax ** 68 20