H plc owns 80% of the the voting shares of S plc. S plc is a subsidiary of H plc. The most recent income statements of each company include the following entries: H plc S plc £ £ Income from non-current asset 468,000 396,000 investments During the financial year S plc paid ordinary dividends of £163,000 to its shareholders. What figure will be reported in the Consolidated Income Statement of H plc for 'Income fro non-current asset investments'?

H plc owns 80% of the the voting shares of S plc. S plc is a subsidiary of H plc. The most recent income statements of each company include the following entries: H plc S plc £ £ Income from non-current asset 468,000 396,000 investments During the financial year S plc paid ordinary dividends of £163,000 to its shareholders. What figure will be reported in the Consolidated Income Statement of H plc for 'Income fro non-current asset investments'?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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