On December 31,20X8,Pancake Company acquired controlling ownership of Syrup Company.A consolidated balance sheet was prepared immediately.Partial balance sheet data for the two companies and the consolidated entity at that date follow:
During 20X8,Pancake Company provided consulting services to Syrup Company and has not yet paid for them.There were no other receivables or payables between the companies at December 31,20X8.
-Based on the information given,what balance in accounts receivable did Syrup Company report at December 31,20X8?
Definitions:
First Year
The initial period of twelve months or the initial stage of a particular phase, often used in the context of education or a newborn's life.
First Month
The initial period of time marking the beginning of any event, project, or phase in one’s life.
Attachment
The strong affectionate bond a child forms with the mother or primary caregiver.
Adaptable Infant
A young child who is capable of adjusting to new environments or changes in their surroundings.
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