In a Working Paper for Combined Financial Statements of Home

Multiple Choice

In a working paper for combined financial statements of home office and branch, the branch's net income is included in:

A) The debit column of the branch income statement section and the credit column of the branch statement of retained earnings section
B) The credit column of the branch income statement section and the debit column of the branch statement of retained earnings section
C) The debit column of the branch income statement section and the credit column of the home office statement of retained earnings section
D) Some other manner