Parsley Limited Owns 90% of the Share Capital of Sage

Multiple Choice

Parsley Limited owns 90% of the share capital of Sage Limited. Sage Limited paid a dividend of $60 000 during the financial period. The NCI adjustment entries in the consolidation worksheet for the dividend include:

A) DR NCI $6 000.
B) DR Dividend revenue $6 000.
C) DR Dividend paid $6 000.
D) DR Dividend payable $6 000.