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How shipment to branch ledger account is displayed in the ho

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Question 1: For a home office that uses the periodic inventory system of accounting for shipments of merchandise to the branch, the credit balance of the Shipments to branch ledger account is displayed in the HO

Option A. Income statement as an offset to purchases.

Option B. Balance sheet as an offset to Investment in Branch.

Option C. Balance sheet as an offset to Inventories.

Option D. Income statement as revenue.

Reference no: EM132492362

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