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Broncos Ltd acquired a 40% interest in Bennett Ltd, which gave Broncos Ltd significant influence over Bennett Ltd. Broncos holds other equity investments but does

Broncos Ltd acquired a 40% interest in Bennett Ltd, which gave Broncos Ltd significant influence over Bennett Ltd. Broncos holds other equity investments but does not prepare consolidated financial statements. Bennett Limited declared dividend of $20,000 during the current financial period.What would be the journal entry in relation to the dividend?

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