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SAVE ANSWER Question 16 1 points Harry Ltd acquired all the shares in Terry Ltd for $250,000 on 1 January 2021. During the financial year
SAVE ANSWER Question 16 1 points Harry Ltd acquired all the shares in Terry Ltd for $250,000 on 1 January 2021. During the financial year ended 30 June 2021, Terry Ltd declared a dividend of $25,000, all of which comes from the post-acquisition profits. What is the adjustment required in relation to the dividend declared by Terry Ltd in the preparation of the consolidated financial statements for the year ended 30 June 2021? a. The dividend declared should be debited for $25,000 Ob. The dividend receivable should be credited for $25,000 c. The dividend payable should be credited for $25.000 Od. The dividend revenue should be credited for $25,000
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