Pink Ltd Is the Parent Floyd Ltd

Multiple Choice

Pink Ltd is the parent Floyd Ltd.On 1 January 20X3 Pink made a loan to Floyd in the form of bills of exchange in the total amount of $80 000 face value.Floyd was required to repay the $80 000 amount (which included the interest component) on 1 October 20X3.On 1 February Pink discounted $20 000 of the bills with the Darkside bank and received $15 000 cash.The end of financial reporting year for the group is 30 June.
From the group point of view, with regard to the bills, Pink is the:

A) Acceptor
B) Drawer
C) Acceptor and the drawer
D) None of the above