Dividends payable on December 31 20X3 are as follows Parent

Dividends payable on December 31, 20X3 are as follows:

Parent company - $180,000

80% owned and controlled subsidiary - $50,000

The amount of dividends payable in the consolidated balance sheet is:

$220,000

$180,000

$230,000

$190,000

None of the answers is correct

Solution

solution) the amout of dividends payable in consolidated balance sheet will be option b .Dividend payable or proposed dividend of subsidiary doesnt appear in consolidated balance sheet. only proposed divided of parent company appears in consolidated balance sheet.