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To eliminate intercompany dividends between related parties is done with the following journal entry: a. Dr. Dividends Expense / Cr. Dividends Declared b. No journal
To eliminate intercompany dividends between related parties is done with the following journal entry:
a. Dr. Dividends Expense / Cr. Dividends Declared | ||
b. No journal entry to eliminate intercompany dividends | ||
c. None of these (the entry should be different from the above) |
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