If a Parent Company and Its Subsidiary Have Accounts Receivable

question 93

Multiple Choice

If a parent company and its subsidiary have accounts receivable from mutually exclusive external sources in the amounts of $35,000 and $20,000,respectively,the consolidated balance sheet for the parent and its subsidiary will show:

• A) one accounts receivable balance of $55,000
• B) only the parent's accounts receivable balance
• C) net accounts receivable of $15,000
• D) both amounts, but it will list them in two separate accounts

---

Definitions:

Nongenital Body Parts

Areas of the body other than the sexual organs that can experience sexual arousal or stimulation.

Dominatrix

A woman who takes the dominant role in BDSM activities, often involving the control and discipline of a submissive partner.

Chains

Objects composed of interconnected links, often made of metal, used for securing or fastening.

Whips

Tools consisting of a length of material, typically leather, attached to a handle, used for various purposes including as a symbol of authority or in BDSM activities.