T Limited Owns 90% of the Share Capital of S $\text { Decrease\quad Dividend revenue } \quad\$ 18,000 \text {. }$

Short Answer

T Limited owns 90% of the share capital of S Limited. S Limited paid a dividend of $20,000 during the period. The adjustment in the consolidated financial statements for the dividend includes: a) $\text { Decrease\quad Dividend revenue } \quad\$ 18,000 \text {. }$
b) $\text { Decrease\quad Dividend revenue } \quad\$ 20,000 \text {. }$
c) $\text { Decrease } \quad \text { Dividend payable }\quad \$ 18,000 \text {. }$
d) $\text { Increase } \quad \text { Dividend receivable }\quad \$ 20,000$