Angus Limited Owns 80% of the Share Capital of Boris

Multiple Choice

Angus Limited owns 80% of the share capital of Boris Limited. Boris Limited paid a dividend of $150 000 during the financial period. The adjustment entries in the consolidation worksheet for the dividend include:

A) DR Dividend paid $150 000.
B) DR Dividend revenue $120 000.
C) DR Dividend payable $120 000.
D) DR Dividend receivable $150 000.