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A Company sold inventory to B Company, its 9 0 % - owned subsidiary. The sale is on account and remain outstanding as of the

A Company sold inventory to B Company, its 90%-owned subsidiary. The sale is on account and remain outstanding as of the reporting-period. How should the intercompany receivable and payable be presented in the consolidated statements?
Both receivable and payable will be eliminated in full
A Company should present only 90% of the receivable in the consolidated statement of financial position
The receivable in the book of A and payable in the book of B will be forwarded in full in the consolidated statement of financial position
The receivable in the book of A will be forwarded in full and payable in the book of B will be prorated only to 90% in the consolidated statement of financial position
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Mike, Miko, Michael and Mikhael formed a partnership several years ago. They have decided to terminate operations and liquidate the business. The following balance sheet is drawn up as a guideline for this process:
\table[[Cash,P,Liabilities,P
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