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:

Exposure

In psychology, a treatment method aimed at reducing fear and anxiety by gradually and repeatedly presenting the feared object or context without any danger.

Blisspoint

The optimal level of satisfaction or pleasure for a consumer, often used in food industry to describe the perfect balance of saltiness, sweetness, and fattiness.

Contingent Responses

Behaviors or actions that are performed in response to specific conditions or stimuli, often depending on the presence or absence of certain factors.

Reinforcing Activities

Activities or actions that increase the likelihood of a behavior being repeated by providing a positive outcome or reward.