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A Group of Entities Comprised of a Limited (Parent Entity),B

Question 8

Multiple Choice

A group of entities comprised of A Limited (parent entity) ,B Limited (subsidiary entity) and C Limited (subsidiary entity) have the following Accounts receivable balances:
-A Limited $12 000
-B Limited $15 000
-C Limited $10 000
The consolidated financial statements show the following amount as the consolidated Accounts receivable balance:


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

Correct Answer:

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