Based on the Following Information, What Amount Will Be Presented

Based on the following information, what amount will be presented for current assets on the consolidated balance sheet of Investor for its wholly owned subsidiary? $$\begin{array} { | l | r | r | } \hline & \text { Investor } & \text { Investee } \\\hline \text { Current assets } & \$ 500 & \$ 550 \\\hline \text { Long-term assets } & 300 & 50 \\\hline \text { Investment in investee } & 200 & 0 \\\hline \text { Current liabilities } & 350 & 200 \\\hline \text { Long-term liabilities } & 450 & 300 \\\hline \text { Equity } & 200 & 100 \\\hline\end{array}$$

A) $300
B) $500
C) $550
D) $1,050

Correct Answer:

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