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Trident Corporation (TC) manufactures and distributes an array of telecommunications devices in the US, Germany, and China. Each subsidiary has monthly unsettled balances due to
Trident Corporation (TC) manufactures and distributes an array of telecommunications devices in the US, Germany, and China. Each subsidiary has monthly unsettled balances due to or from other subsidiaries. At the end of December, unsettled intracompany debts in U.S. dollars were: TC US: Owes $6,000,000 to TC China Owes $11,000,000 TC Germany TC Germany: Owes $7,000,000 to TC China Owes $8,000,000 to TC US
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