As of December 31, 2020, the separate company financial statements of Drao co and Its 80% owned subsidiary, Lesa Co, has a related balance with dividends as follows:                                                             Dividend 2020 Dividend payable December 31, 2020 Drao co CU600.000.000 CU300.000.000 Lesa Co CU400.000.000 CU100.000.000 Requested: 1, What is the dividend value that will appear in the consolidated Retained Earnings statement? 2, How much dividend payable will appear on the Consolidated Balance Sheet?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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As of December 31, 2020, the separate company financial statements of Drao co and Its 80% owned subsidiary, Lesa Co, has a related balance with dividends as follows:                                                          

 

Dividend 2020
Dividend payable December 31, 2020

Drao co

CU600.000.000
CU300.000.000

Lesa Co

CU400.000.000
CU100.000.000

Requested:

1, What is the dividend value that will appear in the consolidated Retained Earnings statement?

2, How much dividend payable will appear on the Consolidated Balance Sheet?

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