arnings of Dunn Ltd were R8 000 and 18 000 ordinary shares worth R36 000. Bones Ltd exercises significant influence over the management of financial policies of Dunn Ltd and has a 45% interest in Dunn Ltd. The separate trial balances for the year ended
Bones Ltd acquired 8 100 ordinary shares for R15 400 in Dunn Ltd, a company in the motor industry on 1 July 2006 when the
The separate
Bones Ltd Dunn Ltd
R R
Dividends received 11 500 -
Dividends paid 12 500 12 000
How much will be recognised as Other Income in Bones Ltd.’s Group Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2009?
Other income is income that does not come from a company's core business, such as interest.
For example:- interest income, dividend income , rental income, gain from sale of fixed assets.
Step by step
Solved in 2 steps
