If a subsidiary declares a dividend and the dividend is unpaid at the end of the period, the adjustment on the consolidated financial statements will include an increase to dividend revenue.

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If a subsidiary declares a dividend but the payment is unpaid at the end of the period, it leads to an increase in the liabilities of the subsidiary and a corresponding decrease in retained earnings. In the consolidated financial statements, this will not lead to an increase in dividend revenue.

If a Subsidiary Declares a Dividend and the Dividend Is