Company a Limited Owns 70% of the Share Capital of Company

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.