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If an interim dividend is paid by a subsidiary to its parent, which of the following consolidation entries is correct to eliminate the transaction? Select

If an interim dividend is paid by a subsidiary to its parent, which of the following consolidation entries is correct to eliminate the transaction?

Select one:

A. Dr Interim dividend paid; Cr Dividend receivable

B. Dr Dividend revenue; Cr Interim dividend paid

C. Dr Dividend revenue; Cr Dividend payable

D. Dr Interim dividend paid; Cr Dividend revenue

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