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Home ofice bills its branch for merchandise shipments at 30% above cost. Account balances on the books of HO and its branch as of 12/31/20X0

Home ofice bills its branch for merchandise shipments at 30% above cost. Account balances on the books of HO and its branch as of 12/31/20X0 HO books Branch Books Inventory, beg 35,000 101,500 Shipmen...

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