Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

H Group holds a 30% ownership stake in Business A. H Groups investment in A as shown on the consolidated statement of financial statement of

H Group holds a 30% ownership stake in Business A. H Groups investment in A as shown on the consolidated statement of financial statement of financial position 31/12/x5: R400 000 H Groups investment in A as shown on the consolidated statement of financial position 31/12/x6: R500 000 Business As profit after tax for the 20x6 financial year is R1 000 000 Based on this information, calculate the dividend from Hs investment in A to be included as part of investing activities in the groups consolidated statement of changes in cash flows for the year end date of 31/12/x6.

Select one:

a. R200 000

b. R1 000 000

c. R250 000

d. R300 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing An International Approach

Authors: Wally J. Smieliauskas, Kathryn Bewley

6th edition

978-0070968295, 9781259087462, 978-0071051415

More Books

Students also viewed these Accounting questions

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago

Question

Discuss the goals of financial management.

Answered: 1 week ago

Question

More than 1/2 the U.S. population is female.

Answered: 1 week ago

Question

Our deadline is 4/7, but we wont be ready before 4/11.

Answered: 1 week ago