_____ Which of the following would explain why the Investment in Branch account is less than the Home Office Capital account?
A) A cash transfer to the branch is in transit.
B) A cash transfer to the home office is in transit.
C) An inventory shipment to the branch (at cost) is in transit.
D) A home office has received and deposited a remittance from a branch customer but has not yet notified the branch.
E) None of the above.
Correct Answer:
Verified
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