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