18. PQR Ltd owns all of the shares of ABC Ltd. In relation to the following intergroup transaction, select the correct consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2020. Assume an income tax rate of 30%.

In January 2020, ABC Ltd declared a $13,500 dividend

Select one:

a.Dr Dividend payable $13,500, Cr Dividend receivable $13,500, Dr Dividend revenue $13,500, Cr Dividend declared $13,500

b.Dr Dividend payable $13,500, Cr Dividend receivable $13,500

c.Dr Dividend revenue $13,500, Cr Dividend declared $13,500

d.Dr Dividend receivable $13,500, Cr Dividend payable $13,500, Dr Dividend declared $13,500, Cr Dividend revenue $13,500