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ABC branch submitted the ff data to its home office in XYZ Sales 4,000,000 Shipments from Home office 2,100,000 Operating Expenses 15% of the COGS
ABC branch submitted the ff data to its home office in XYZ
Sales 4,000,000
Shipments from Home office 2,100,000
Operating Expenses 15% of the COGS
Home Office 180,000
Ending Inventory 280,000
1. Assuming a tax rate of 30%, how much would be the net change in the home office account?
2. How much would be the estimated balance of the investment in branch account?
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