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Liverpool .Co (investor) is parent company (prepare consolidated statement), its share of dividends that is declared by Arsenal. Ltd (associate) was 20000. In order to
Liverpool .Co (investor) is parent company (prepare consolidated statement), its share of dividends that is declared by Arsenal. Ltd (associate) was 20000. In order to record the transaction, Liverpool will record the debit side as:
Select one:
a. Investment in associate
b. Dividends declared
c. Dividends receivable
d. Dividends revenues
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