Question: Question 10 Not yet saved If a dividend is declared by a subsidiary to its parent, which of the following consolidation entries is correct to

 Question 10 Not yet saved If a dividend is declared by

Question 10 Not yet saved If a dividend is declared by a subsidiary to its parent, which of the following consolidation entries is correct to eliminate the transaction? Marked out of 1.00 P Flag question C. a. Dr Dividend revenue; Cr Dividend paid O b. Dr Dividend paid; Cr Dividend revenue Dr Dividend declared; Cr Dividend payable O d. Dr Dividend revenue; Cr Dividend declared

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!