If an Interim Dividend Is Paid by a Subsidiary to Its

Multiple Choice

If an interim dividend is paid by a subsidiary to its parent, the consolidation entry to eliminate the transaction is which of the following?

A) Dr Interim dividend paid; Cr Dividend revenue
B) Dr Dividend revenue; Cr Interim dividend paid
C) Dr Dividend revenue; Cr Dividend payable
D) Dr Interim dividend paid; Cr Cash