Question 20 22 ospiti On 1 July 2020, Homi Ltd acquired a 35 investment in Gato Ltd for $450,000. During the financial year ended 30 June 2021, Gano Lid declared and paid a dividend of 20,000 Hoy Ltd does not prepare consolidated financial statements Which of the following is the correct entry for Homiled to record the dividend declared by G DR Cash $7,000 CR Investment in Gato Lid $7.000 OR Dividend revenue $7.000 CR Investment in Gato Ltd $7,000 DR Cash $20,000 CR Dividend revenue $20,000 DR Dividends payable $7,000 CR Cash $7,000