When a subsidiary declares a final dividend payable to a parent who has a 100% interest in the subsidiary, the parent recognises a dividend receivable and the subsidiary recognises a dividend payable. In addition to the elimination of these two items on consolidation, the following items must also be eliminated:

Select one:

a. Dividend revenue and Cash.

b. Dividend declared and Cash.

c. Dividend declared and Dividend revenue.

d. Dividend declared and Retained earnings.