Mooloolaba Limited owns 90% of the share capital of Maroochydore Limited. Maroochydore Limited paid a dividend of $40,000 during the current period. The adjustment entries in the consolidation worksheet for the dividend include which of the following?

Select one:

a. Dr Dividend payable $36 000

b. Dr Dividend receivable $40 000

c. Dr Dividend revenue $36 000

d. Dr Dividend revenue $40 000