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1/7/2004 1/10/2004 £ £ Total dividends : Paid 40,000 40,000 Proposed 60,000 60,000 100,000 100,000 Post acquisition dividends (6/12 x 100,000) 50,000 25,000 Pre-acquisition dividend to cost of control Holding company share of dividend: Interim receive (80/100 x 40,000) 32,000 Interim proposed (80/100x 60,000) 48,000 48,000 80,000 48,000 Less: Holding company share of post acquisition of dividends (80/100 x 50,000) 40,000 (20,000) 40,000 28,000 Lesson Four 187 FINANCIAL ACCOUNTING III NOTE: Pre-acquisition dividends may also arise in the following situations;
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