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How credits shipments from home office is required under

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Reference no: EM132492369

Question 1: 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:

Option a. The periodic inventory system only

Option b. The perpetual inventory system only

Option C. Both the perpetual inventory system and the periodic inventory system

Option d. Neither the perpetual inventory nor the periodic inventory system

Reference no: EM132492369

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