Uploaded by Abigail Daguyo

HOB Exercise 4

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2/27/22, 7:32 PM
HOB Exercise 2021-2022
HOB Exercise 2021-2022
s.daguyo.abigail@cmu.edu.ph Switch account
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Refer to the image below for the next 3 questions:
How much is the unadjusted balance of the Home Office account as of
December 31, 2020? *
1 point
Your answer
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2/27/22, 7:32 PM
HOB Exercise 2021-2022
How much is the unadjusted balance of the Investment in branch account
as of December 31, 2020? *
1 point
Your answer
Assuming the branch reported a net profit of P6,500,000, how much
1 point
would be the adjusted balance of the interoffice accounts immediately
prior to their elimination must be (figures are taken from the individual
balance sheet of the home office and the branch)?
Your answer
Refer to the image below for the next 2 questions:
The branch cost of sales coming from shipments from the home office at
its billed price was ___________. *
1 point
Your answer
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2/27/22, 7:32 PM
HOB Exercise 2021-2022
What is the cost of the merchandise destroyed by fire? *
1 point
Your answer
Quilgo Submission ID (do not edit) *
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Your answer
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