Cyrus SA controls Dune SA, which pays 400,000 in dividends; 25 % of those dividends go to the non-controlling interests (case data). Case convention: the share going to Cyrus is eliminated on consolidation, and the payment to the non-controlling interests is made in cash on the day of the distribution. Record the consolidation entry for the dividend paid to the non-controlling interests.
- Dividends paid by Dune
- 400,000
- Share of non-controlling interests
- 25 %