If at the End of an Accounting Period the Balance

Multiple Choice

If at the end of an accounting period the balance of the Investment in Branch ledger account in the accounting records of the home office is $20,000 and the balance of the Home Office account in the accounting records of the branch (after the branch recorded closing entries) is $25,500, the most likely explanation for the discrepancy of $5,500 is a:

A) Remittance of cash to the branch not recorded by the home office
B) Net income of branch not recorded by the home office
C) Net loss of branch not recorded by the home office
D) Collection by the home office of a branch note receivable not recorded by the branch