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A Co.'s Clark Branch submitted the following data for 2016, its first year of operation: Sales 203,500.00 Cr. Shipments from home office 186,120.00 Dr. Operating
A Co.'s Clark Branch submitted the following data for 2016, its first year of operation: Sales 203,500.00 Cr. Shipments from home office 186,120.00 Dr. Operating expenses 18,755.00 Dr. Home-office - current 48,125.00 Cr. Shipments to the branch are billed at cost. The December 31 inventory of the branch was P25,245. What is the correct balance on December 31, 2016 of the Branch Account - current as per home office books
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
