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What the true income of the branch was

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Reference no: EM133003851

Indigo Co. has a BRANCH in Coco established on April 1, 2019. During the year 2019, the Indigo Co. shipped merchandise to the BRANCH at billed value of P100,000 which was 25% above cost. At the end of the year, the BRANCH reported sales of P160,000, operating expenses of P76,000, and a net income from operations of P12,000.

Problem 1: The true income of the BRANCH was

a. P 14,400

b. P 26,400

c. P 12,000

d. P 20,000

Reference no: EM133003851

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