Question: If a dividend is declared by a subsidiary to its parent, which of the following consolidation entries is correct to eliminate the transaction? a. Dr

If a dividend is declared by a subsidiary to its parent, which of the following consolidation entries is correct to eliminate the transaction? a. Dr Dividend revenue; Cr Dividend declared b. Dr Dividend paid; Cr Dividend revenue c. Dr Dividend revenue; Cr Dividend paid d. Dr Dividend declared; Cr Dividend payable

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