Bird Corporation Has Several Subsidiaries That Are Included in Its

question 22

Multiple Choice

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

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Definitions:

Concentration of Salts

The measure of the amount of dissolved salts in a solution, which can affect cellular processes and physiological functions.

Amount of Water

The amount of water refers to the quantity or volume of water present or required in a given context, crucial for life, health, and various processes.

Golgi Bodies

Organelles in cells that process and package proteins and lipid molecules.

Protein Packages

Specialized structures within cells designed to transport, store, or degrade proteins as needed for various cellular functions.