Question: Shep Co. has a receivable from its parent, Pep Co. Should this receivable be separately reported in Sheps balance sheet and in Peps consolidated balance

Shep Co. has a receivable from its parent, Pep Co.

Should this receivable be separately reported in Shep’s balance sheet and in Pep’s consolidated balance sheet?

Shep’s Pep’s consolidated balance sheet balance sheet

a. Yes No

b. Yes Yes

c. No No

d. No Yes

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