a) 58,500b) 107,500c) 49,000d) 25,766 The following are extracted from the books and records of ABC Corp. And its branch. The balances are at December 31,2021, the third year of the corporation existence.BRANCH BOOKSHOME OFFICE BOOKSAllowance for Overvaluation72,500Sales600,000200,000ExpensesShipment from Home Office444,000The branch acquires all of it merchandise from the Home Office. The inventories of the Branch at billed prices are asfollows: January 1, 2021, P47,717.18 and December 31, 2021, P84,000. How much is the adjusted branch profit?

Name: a) 58,500b) 107,500c) 49,000d) 25,766 The following are extracted from
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Description: a) 58,500b) 107,500c) 49,000d) 25,766 The following are extracted from the books and records of ABC Corp. And its branch. The balances are at December 31,2021, the third year of the corporation existence.BRANCH BOOKSHOME OFFICE BOOKSAllowance for Ove

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BRANCH BOOKS Ho Allowance for Overvaluation Sales 600,000 Expenses Shipment from Home Office 200,000 444.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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