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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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
