Receivables of consolidated balance sheets

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Receivables of consolidated balance sheets

Reference no: EM1363743

At Dec 31, Year 1, Grey, Inc. owned 90% of Winn Corp, a consolidated subsidiary, and 20% of Carr Corp., an investee in which Grey cannot exercise significant influence on the same date, Grey had receivables of 300,000 from Winn and 200,000 from Carr. In its Dec 31, Year 1 consolidated balance sheet, Grey should report accounts receivables from affiliates of:

a) 500,000

b) 340,000

c) 230,000

d) 200,000

Reference no: EM1363743

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