The equity journal entry on consolidation for a dividend paid by an associate is:
A) Debit Dividend revenue
Credit Investment in associate
B) Debit Cash
Credit Investment in associate
C) Debit Investment in associate
Credit Dividend revenue
D) Debit Cash
Credit Dividend revenue
Correct Answer:
Verified
Q13: Gairdner Ltd holds a 25% interest in
Q14: AASB 128 requires that the equity method
Q15: The factors listed in AASB 128 that
Q16: Which of the following statements is incorrect?
A)the
Q17: The disclosures required by AASB 128 include:
A)the
Q18: The power to participate in the financial
Q19: Which of the following statements is incorrect?
A)where
Q21: Explain the equity method and the major
Q22: Summarise the adjustments required to fully eliminate
Q23: Explain the cost method and its major
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