Question
If a second interim dividend is paid by a subsidiary to its parent, the consolidation entries to eliminate the transaction is which of the following?
If a second interim dividend is paid by a subsidiary to its parent, the consolidation entries to eliminate the transaction is which of the following?
Dr Interim dividend paid
Cr Cash
Dr Dividend revenue
Cr Interim dividend paid
Dr Dividend revenue
Cr Dividend payable
Dr Interim dividend paid
Cr Dividend revenue
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
