At the Date of Acquisition a Subsidiary Had Recorded a Dividend

question 19

Multiple Choice

At the date of acquisition a subsidiary had recorded a dividend payable of $10 000.The consolidation adjustment needed at the date of acquisition in relation to this event is:

• A)DR Dividend payable $10 000 CR Dividend receivable $10 000
• B)DR Dividend revenue $10 000 CR Dividend declared $10 000
• C)DR Shares in subsidiary $10 000 CR Dividend receivable $10 000
• D)DR Cash $10 000 CR Shares in subsidiary $10 000.

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A term used to refer to individuals in the United States with African ancestry or who identify as having cultural, historical, or genealogical ties to Africa.

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