Query 1. While calculating the amount of consolidated Reserve & surplus, why we deduct the share of holding company in dividend out of pre-acquisiton profits which is already credited by holding company in its profit & loss account?
Query 2. If dividend is proposed by both the holding and subsidiary company, why not we included proposed dividend of both the companies in the consolidated balance sheet? Why only the dividend proposed by subsidiary company is shown in the consolidated balance sheet?
CAclubindia
