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A Group of Entities Comprised of a Limited (Parent Entity) \blacktriangleright

Question 14

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:
\blacktriangleright A Limited $12 000
\blacktriangleright B Limited $15 000
\blacktriangleright 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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