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Bird Corporation Has Several Subsidiaries That Are Included in Its

question 22

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Bird Corporation has several subsidiaries that are included in its consolidated financial statements and several other investments in corporations that are not consolidated.In its year-end trial balance,the following intercompany balances appear.Ostrich Corporation is the unconsolidated company;the rest are consolidated. Bird Corporation has several subsidiaries that are included in its consolidated financial statements and several other investments in corporations that are not consolidated.In its year-end trial balance,the following intercompany balances appear.Ostrich Corporation is the unconsolidated company;the rest are consolidated.   What amount should Bird report as intercompany receivables on its consolidated balance sheet? A) $0 B) $10,000 C) $30,000 D) $63,000
What amount should Bird report as intercompany receivables on its consolidated balance sheet?


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