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In 20x8, a home office shipped inventory costing P40,000 to its branch for P60,000. At...

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Accounting

In 20x8, a home office shipped inventory costing P40,000 to its branch for P60,000. At the end of P20x8, the branch reported P15,000 of this inventory in its balance sheet. The amount of allowance for overvaluation for branch inventory at the end of 20x8 is..

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