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Allowance for overvaluation of branch inventory 72,500 The branch acquires all of its merchandise from the home office. The inventories of the branch at bille

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Allowance for overvaluation of branch inventory 72,500 The branch acquires all of its merchandise from the home office. The inventories of the branch at bille January 1, 2013 75,000 December 31, 2013 84,000 What is the percentage of profit on cost that the home office uses to bill merchandise shipped to bran

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