Multiple Choice
Company A Limited owns 70% of the share capital of Company B Limited. Company B Limited paid a dividend of £10 000 during the financial period. The adjustment entries in the consolidation worksheet for the dividend include:
A) DR Dividend revenue £7 000;
B) DR Dividend revenue £10 000;
C) DR Dividend payable £7 000;
D) DR Dividend payable £10 000.
Correct Answer:
Verified
Correct Answer:
Verified
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