_____ A home office, month-end allocation of previously recorded advertising expenses to a branch requires the following entry on the branch's books to record the allocation:
Debit Credit

Question

Quizplus · Accepted Answer

The correct entry to allocate previously recorded advertising expenses from the home office to a branch would involve debiting Advertising Expense and crediting an intercompany account that represents the home office, such as "Due to/from Home Office," not any of the options provided. Options A, B, C, and D do not accurately reflect the transaction of allocating expenses from the home office to a branch.

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