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At December 3 1 , Grey, Inc., owned 9 0 % of Winn Corp., a consolidated subsidiary, and 2 0 % of Carr Corp., an

At December 31, Grey, Inc., owned 90% of Winn Corp., a consolidated subsidiary, and 20% of Carr Corp., an investee over which Grey cannot exercise significant influence. On the same date, Grey had receivables of $300,000 from Winn and $200,000 from Carr. In its December 31 consolidated balance sheet, Grey should report accounts receivable from affiliates of
Select one:
a.
$500,000
b.
$340,000
c.
$230,000
d.
$200,000

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