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Ott Co. has a receivable from its parent, Mena Co.

Should this receivable be separately reported in Ott’s balance sheet and in Mena’s consolidated balance sheet.

Ott’s Balance Sheet      Mena’s Consolidated Balance Sheet  

                   A.     Yes                                           No

                  B.     Yes                                          Yes

                   C.      No                                           No

                 D.      No                                           Yes

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Question added by Deleted user
Date Posted: 2015/02/24
Balraj Ramandasani
by Balraj Ramandasani , Account Manager , BIN DASMAL GROUP

Answer is "A" i.e.  Ott's B/s -Yes and Mena's B/S - No

zeeshan Ramzan
by zeeshan Ramzan , Asst Finance & Admin Manager , Transport Solutions General Trading & Contracting Co.

 B.     Yes                                          Yes

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