_____ A home office, month-end allocation of previously recorded advertising expenses to a branch requires the following entry on the home office's books:
Debit Credit
A) Investment in Branch Advertising Expense
B) Home Office Capital Advertising Expense
C) Branch Income Home Office Capital
D) Investment in Branch Accrued Liabilities
E) None of the above.

Question

Quizplus · Accepted Answer

The correct entry involves debiting "Investment in Branch" to reflect the allocation of expenses to the branch and crediting "Advertising Expense" to reduce the home office's advertising expense account.

_____ a Home Office, Month-End Allocation of Previously Recorded Advertising