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On December 31,20X8,Pancake Company Acquired Controlling Ownership of Syrup Company

question 32

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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:
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? A) $28,000 B) $48,000 C) $40,000 D) $38,000 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?


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