Question: Strut Co. has a payable to its parent, Plane Co. In which of the following balance sheets should this payable be reported? Neither Strut's balance

Strut Co. has a payable to its parent, Plane Co. In which of the following balance sheets should this payable be reported? Neither Strut's balance sheet, nor Plane's consolidated balance sheet Strut's balance sheet, but not Plane's consolidated balance sheet Strut's balance sheet and Plane's consolidated balance sheet Plane's consolidated balance sheet, but not Strut's balance sheet

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