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Presented below are items taken from the unadjusted trial balances of NCR Company and its Manila Branch on December 31, 2019: Branch Books Shipment to
Presented below are items taken from the unadjusted trial balances of NCR Company and its Manila Branch on December 31, 2019: Branch Books Shipment to branch AFOVOBI Shipment from HO Purchases (from OV) MI, January 1 MI, December 31 Sales Expenses P2,250,000 749,250 Super sharee P2,925,000 1,084,500 921,375 365,625 4,800,000 382,500 Assuming that the branch ending inventory acquired from other vendors (OV) is P73,125. What is the net income (loss) of the branch insofar as the home office is concerned? Presented below are items taken from the unadjusted trial balances of NCR Company and its Manila Branch on December 31, 2019: Branch Books Shipment to branch AFOVOBI Shipment from HO Purchases (from OV) MI, January 1 MI, December 31 Sales Expenses P2,250,000 749,250 Super sharee P2,925,000 1,084,500 921,375 365,625 4,800,000 382,500 Assuming that the branch ending inventory acquired from other vendors (OV) is P73,125. What is the net income (loss) of the branch insofar as the home office is concerned
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