April Ltd Owns 100% of the Issued Share Capital of Sun

Multiple Choice

April Ltd owns 100% of the issued share capital of Sun Ltd.During the year ended 31 December 20X1 Sun Ltd declared and paid a dividend of $850 000 out of post acquisition profits.Which combination of amounts correctly shows the total amount of dividend revenue, if any, in April Ltd's financial statements and in its consolidated financial statements?

A) $\begin{array}{llcc} \text { April Lad's statements(\$) } & \text {April Ltd's consolidated statements(\$) } \\850000&850000\\\end{array}$

B) $\begin{array}{llcc} \text { April Lad's statements(\$) } & \text {April Ltd's consolidated statements(\$) } \\0&0\\\end{array}$

C) $\begin{array}{llcc} \text { April Lad's statements(\$) } & \text {April Ltd's consolidated statements(\$) } \\0&850000\\\end{array}$

D) $\begin{array} { l l } \text { April Ltd's statements (\$) } & \text { April Ltd's consolidated statements (\$) } \\850000 & 0\end{array}$