Multiple Choice
Bird Corporation has several subsidiaries that are included in its consolidated financial statements and several other investments in corporations that are not consolidated.In its year-end trial balance,the following intercompany balances appear.Ostrich Corporation is the unconsolidated company;the rest are consolidated. 
What amount should Bird report as intercompany receivables on its consolidated balance sheet?
A) $0
B) $10,000
C) $30,000
D) $63,000
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Use the following information to answer question(s)
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