Wright Corp. has several subsidiaries that are included in its consolidated financial statements. In its December 31, 2006 trial balance, Wright had the following intercompany balances before eliminations:
|
Debit |
Credit |
|
|
Current receivable due from Main Co. |
$ 32,000 |
|
|
Noncurrent receivable from Main |
114,000 |
|
|
Cash advance to Corn Corp. |
6,000 |
|
|
Cash advance from King Co. |
$ 15,000 |
|
|
Intercompany payable to King |
101,000 |
In its December 31, 2006 consolidated balance sheet, what amount should Wright report as intercompany receivables?
- $152,000
- $146,000
- $ 36,000
- $0