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In a working paper for combined financial statements of the home office and the branch of a business enterprise, an elimination that debits Shipments to
In a working paper for combined financial statements of the home office and the branch of a
business enterprise, an elimination that debits Shipments to Branch and credits Shipments
from Home Office is required under:
A. The periodic inventory system only.
B. The perpetual inventory system only.
C. Both the periodic inventory system and the perpetual inventory system.
D. Neither the periodic inventory system nor the perpetual inventory system
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