Dividend revenue 160000 CR Dividend paid 160000 DR Deferred tax asset 48000 CR

Dividend revenue 160000 cr dividend paid 160000 dr

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DR. Dividend revenue $ 160,000 CR. Dividend paid $ 160,000 DR. Deferred tax asset $ 48,000 CR. Income tax expense $ 48,000 c)DR. Dividend revenue $ 160,000 CR. Retained profits (opening) $ 160,000 d)DR. Dividend revenue $ 160,000 CR. Dividend paid $ 160,000 DR. Minority interest $ 40,000 CR. Dividend paid $ 40,000 e)No entries are required because the dividend is distributed from 20X1 profits
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4)The worksheet entries for the intergroup transfer of plant are: 5)The worksheet entries for excess depreciation on transferred plant are:
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  • One '11
  • KNAPP
  • Depreciation, Generally Accepted Accounting Principles, Deferred tax asset

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