Pop Corporation has several subsidiaries that are included in its consolidated financial statements. In its December 31, 2011, trial balance, Pop had the following intercompany balances before eliminations:
|
Debit |
Credit |
|
|
Current receivable due from Sin Co. |
$ 64,000 |
|
|
Noncurrent receivable from Sin |
228,000 |
|
|
Cash advance from Sun Corp. |
12,000 |
|
|
Cash advance from Sit Co. |
$ 30,000 |
|
|
Intercompany payable to Sit |
202,000 |
In its December 31, 2011, consolidated balance sheet, what amount should Pop report as intercompany receivables?
a. $ 304,000
b. $ 292,000
c. $ 72,000
d. $ 0