At the Date of Acquisition, a Subsidiary Had Recorded a Dividend

At the date of acquisition, a subsidiary had recorded a dividend payable of $10 000. Assuming that the shares were acquired on a cum div. basis, the consolidation adjustment needed at the date of acquisition to eliminate the dividend is:
I. Dr Dividend payable $10 000
Cr Dividend receivable $10 000
II. Dr Dividend revenue $10 000
Cr Dividend declared $10 000
III. Dr Shares in subsidiary $10 000
Cr Dividend receivable $10 000
IV. Dr Dividend receivable $10 000
Cr Dividend payable $10 000

A) I.
B) II.
C) III.
D) IV.