If a parent company and its subsidiary have accounts receivable from mutually exclusive external sources in the amounts of $35,000 and $20,000,respectively,the consolidated balance sheet for the parent and its subsidiary will show:
A) one accounts receivable balance of $55,000
B) only the parent's accounts receivable balance
C) net accounts receivable of $15,000
D) both amounts, but it will list them in two separate accounts
Correct Answer:
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