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The Following Journal Entry (Explanation Omitted) Appeared in the Accounting

Question 22

Multiple Choice

The following journal entry (explanation omitted) appeared in the accounting records of Marty Corporation's only branch:
The following journal entry (explanation omitted)  appeared in the accounting records of Marty Corporation's only branch:   The journal entry indicates that: A)  The branch incurred operating expenses for the benefit of the home office B)  The home office incurred operating expenses for the benefit of the branch C)  The branch paid the home office for services rendered to the branch D)  None of the foregoing occurred The journal entry indicates that:


A) The branch incurred operating expenses for the benefit of the home office
B) The home office incurred operating expenses for the benefit of the branch
C) The branch paid the home office for services rendered to the branch
D) None of the foregoing occurred

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