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Of the following two statements, which one(s) is (are) correct, if any? S-1 A transfer of merchandise from the home office to one of its

Of the following two statements, which one(s) is (are) correct, if any?

S-1 A transfer of merchandise from the home office to one of its branches should be recorded with a decrease

in the branchs Home Office account.

S-2 A transfer of merchandise from the home office to one of its branches should be recorded with an increase

In the home offices Investment in Branch account.

a. S-1 and S-2.

b. S-1 only.

c. S-2 only.

d. Neither S-1 nor S-2.

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