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Coral LtdOwns 100% of Ambrose Ltd

Question 29

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Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends?


A) Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends? A) B) C) D)
B) Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends? A) B) C) D)
C) Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends? A) B) C) D)
D) Coral Ltd.owns 100% of Ambrose Ltd.Coral uses the cost method to record this subsidiary.Coral received $150,000 in dividends from Ambrose.What journal entry should Coral make on its consolidation worksheet with respect to the dividends? A) B) C) D)

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