(5) Goods are sent to the branch at 20% margin on selling price. When branch...
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Accounting
(5) Goods are sent to the branch at 20% margin on selling price. When branch stock discloses a surplus of $2,000 the amount to be credited to the branch adjustment income account will be a) $2,000 b) $400. c) $1,600 d) None of the above
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