Rosemary Limited owns 90% of the share capital of Thyme Limited. Thyme Limited paid a dividend of
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Question:
Rosemary Limited owns 90% of the share capital of Thyme Limited. Thyme Limited paid a dividend of $60 000 during the financial period. The NCI adjustment entries in the consolidation worksheet for the dividend include:
QUESTION 15SELECT ONE:
a. DR Dividend revenue $6 000.
b. DR Dividend payable $6 000.
c. DR NCI $6 000.
d. DR Dividend payable $6 000.
Expert Answer:
The detailed answer for the above question is provided below The correct answer is c D... View the full answer
Related Book For 
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen
Posted Date:
