Gold Ltd owns all the shares in Silver Ltd. On 30 June 2020, Silver Ltd has dividend declared of $16.C dividend paid of $24,000, while Gold Ltd has dividend declared of $62.000 and dividend paid of $ What consolidation adjusting entry is required to the dividend revenue account on 30 June 2020?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.