Dividend

(1) 8,000.00
income
NCI 2,000.00
Dividend
10,000.00
declared

(2) Common stock 100,000.00

Retained
50,000.00
earnings
Investment in
120,000.00
Sisa
NCI 30,000.00

NCI in
(3) 6,000.00
Subsidiary
NCI 6,000.00

Consolidate
Parent Subsidiary Elimination
d
DR CR
STATEMENT OF CI
Sales 200,000.00 120,000.00 320,000.00
Dividend income 8,000.00 1 8,000.00
Less:
Depreciation
25,000.00 15,000.00 40,000.00
expense
 Other expenses 105,000.00 75,000.00 - 180,000.00
Consolidated income 78,000.00 30,000.00 100,000.00
NCI in CI of the
3 6,000.00 6,000.00
subsidiary
CI, CArried
78,000.00 30,000.00 94,000.00
forward