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1 pts Gold Ltd owns all the shares in Silver Ltd. On 30 June 2020, Silver Ltd has dividend declared of $16,000 and dividend

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1 pts Gold Ltd owns all the shares in Silver Ltd. On 30 June 2020, Silver Ltd has dividend declared of $16,000 and dividend paid of $24,000, while Gold Ltd has dividend declared of $62,000 and dividend paid of $89,000. What consolidation adjusting entry is required to the dividend revenue account on 30 June 2020? Dr Dividend revenue $16,000 O Dr Dividend revenue $62,000 Dr Dividend revenue $40,000 No consolidation entries are required

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