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A Group of Entities Formed by a Limited (Parent Entity) \bullet

Question 2

Multiple Choice

A group of entities formed by A Limited (parent entity) , B Limited (subsidiary entity) and C Limited (subsidiary entity) has the following Trade Receivables balances:
\bullet A Limited $12 000
\bullet B Limited $15 000
\bullet C Limited $10 000
The consolidated financial statements show the following amount as the consolidated Trade Receivables balance:


A) $12 000;
B) $13 000;
C) $25 000;
D) $37 000.

Correct Answer:

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