If Both the Home Office and the Branch of a Business

Multiple Choice

If both the home office and the branch of a business enterprise use the periodic inventory system, the home office's Shipments to Branch ledger account:

A) Is a valuation account for the home office's Investment in Branch account
B) Always should have the same balance as the branch's Shipments from Home Office account
C) Is a revenue account
D) Is a valuation account for the home office's Purchases account