At the Date of Acquisition a Subsidiary Had Recorded a Dividend

Multiple Choice

At the date of acquisition a subsidiary had recorded a dividend payable of $10 000.The consolidation adjustment needed at the date of acquisition in relation to this event is:

A) DR Dividend payable $10 000 CR Dividend receivable $10 000
B) DR Dividend revenue $10 000 CR Dividend declared $10 000
C) DR Shares in subsidiary $10 000 CR Dividend receivable $10 000
D) DR Cash $10 000 CR Shares in subsidiary $10 000.