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Which of the following is wrong a) Home office is a quessi-ownership equity account that shows the net investment by home office b) The home office account is closed to income summary at the end of the period c) Investment in a branch is a non-current assets accounts d) Net income increases the credit balance of home office account
Which of the following is wrong
a) Home office is a quessi-ownership equity account that shows the net investment by home office
b) The home office account is closed to income summary at the end of the period
c) Investment in a branch is a non-current assets accounts
d) Net income increases the credit balance of home office account
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