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A Debit to the Income Summary Ledger Account and a Credit

Question 12

Multiple Choice

A debit to the Income Summary ledger account and a credit to the Home Office account appear in:


A) The accounting records of the home office to record the net income of the home office
B) The accounting records of the home office to record the net income of the branch
C) The accounting records of the branch to record the net income of the branch
D) Some other manner

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