A major disadvantage of a centralized accounting system is that the profitability of branch operations cannot be determined because branch operations are not accounted for in a separate general ledger.
Correct Answer:
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Q70: A branch that maintains a general ledger
Q71: The Investment in Branch accounting has a
Q72: On the home office's books, the earnings
Q73: Income taxes pertaining to branch earnings are
Q74: A transfer of inventory from a home
Q76: Home office allocations to a branch are
Q77: Income taxes can be allocated to a
Q78: Branch fixed assets can be carried on
Q79: If branch fixed assets are recorded on
Q80: _ Which of the following accounts is
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