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Which the adjustment entries in the consolidation worksheet

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Reference no: EM132840702

Problem 1: Mooloolaba Limited owns 80% of the share capital of Maroochydore Limited. Maroochydore Limited paid a dividend of $40 000 during the financial period. The adjustment entries in the consolidation worksheet for the dividend include which of the following?

Select one:

a. DR Dividend revenue $32 000
b. DR Dividend payable $32 000
c. DR Dividend revenue $40 000
d. DR Dividend receivable $40 000

Reference no: EM132840702

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