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Flagstone Limited acquired 100% of the shares in Pebbles Limited on a cum div. basis for $700 000. At acquisition date, the Pebbles Limited had
Flagstone Limited acquired 100% of the shares in Pebbles Limited on a cum div. basis for $700 000. At acquisition date, the Pebbles Limited had a declared dividend of $80 000. The pre-acquisition entry must include the following line: O a. Cr Shares in subsidiary $620 000 O b. Cr Shares in subsidiary $780 000 O c. Dr Shares in subsidiary $620 000 O d. Cr Shares in subsidiary $80 000
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