On december 31, 2005, grey, inc. owned 90% of winn corp., a consolidated subsidiary, and 20% of carr corp., an investee in 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, 2005, consolidated balance sheet, grey should report accounts receivable from affiliates of: ) $500,000b) $340,000c) $230,000d) $200,000

d) 200,000

Explanation:

Grey Inc. owned 90% of Winn Corp, which is classified as subsidiary and is accounted for by consolidating the financial statements of the subsidiary.

Grey Inc. owned 20% of Carr Corp. and does not have significant influence so indicating that the investment is supposed to be classified at fair value.

Consolidation Method of accounting involves adding all assets and liabilities of the subsidiary in the financial statements of Parent Company. However, inter company balances (receivable / payable) are eliminated and thus are not included in consolidated financial statements to avoid double counting, thus the balance receivable from Winn Corp, is not included in the consolidated balance sheet of Grey Inc.

Change in fair value of Carr Corp is taken either in profit / loss or directly taken to statement of changes in equity depending on the policy of Grey Inc. However any receivable / payable between shareholder and the invested company appears as it is in the balance sheet, therefore the balance of $200,000 receivable from Carr Corp shall appear as receivable in consolidated balance sheet of Grey Inc.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

lady gaga

explanation:

lady gaga's real name is stefani joanne angelina germanotta.