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Find which is part of the consolidation adjustment entries

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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?

Problem 1: Which of the following is part of the consolidation adjustment entries to record the dividend declared by Nori Ltd?

Option 1: Cr. Investment in associate
Option 2: Dr. Cash
Option 3: Cr. Dividend revenue
Option 4: Dr. Share of profit of associate

Reference no: EM132994546

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