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  2. Topic
    Business
  3. Study Set
    Modern Advanced Accounting
  4. Exam
    Exam 4: Accounting for Branches; Combined Financial Statements
  5. Question
    The Western Branch of Rivas Company Reported a Net Income
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The Western Branch of Rivas Company Reported a Net Income

Question 2

Question 2

Multiple Choice

The Western Branch of Rivas Company reported a net income of $60,000 for the month of January. The appropriate journal entry (explanation omitted) for the home office of Rivas Company is:


A) The Western Branch of Rivas Company reported a net income of $60,000 for the month of January. The appropriate journal entry (explanation omitted)  for the home office of Rivas Company is: A)    B)    C)    D)
B) The Western Branch of Rivas Company reported a net income of $60,000 for the month of January. The appropriate journal entry (explanation omitted)  for the home office of Rivas Company is: A)    B)    C)    D)
C) The Western Branch of Rivas Company reported a net income of $60,000 for the month of January. The appropriate journal entry (explanation omitted)  for the home office of Rivas Company is: A)    B)    C)    D)
D) The Western Branch of Rivas Company reported a net income of $60,000 for the month of January. The appropriate journal entry (explanation omitted)  for the home office of Rivas Company is: A)    B)    C)    D)

Correct Answer:

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