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Question 9 0.5 points Save Ans Vivian Ltd acquired a 30% investment in Nori Ltd for $40,000. Vivian Ltd is a parent entity who prepares
Question 9 0.5 points Save Ans Vivian Ltd acquired a 30% investment in Nori Ltd for $40,000. Vivian Ltd is a parent entity who prepares consolidated financial statements. During the year ended 30 June 2021, Nori Ltd declared and paid a dividend of $8,000. Which of the following is part of the consolidation adjustment entries to record the dividend declared by Nori Ltd? Dr. Share of profit of associate Cr. Dividend revenue Cr. Investment in associate Dr. Cash
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