ITEM Cash Accounts Receivable Inventory Inventory from home office Land Buildings and Equipment Less: Accumulated

Depreciation Investment in Cebu Branch Investment in Davao Branch

HOME OFFICE 81,000 100,000 260,000 70,000 700,000 280,000 395,000 260,000

CEBU BRANCH 20,000 40,000 50,000 70,000 30,000 350,000 120,000

Accounts Payable Bonds Payable Ordinary Share Accumulated Profits Home Office Unrealized Intracompany Profits

110,000 400,000 300,000 700,000

45,000

395,000 60,000

ITEM Cash Accounts Receivable Inventory Inventory from home office Land Buildings and Equipment Less: Accumulated Depreciation Investment in Cebu Branch Investment in Davao Branch

HOME OFFICE 81,000 100,000 260,000 70,000 700,000 280,000 395,000 260,000

DAVAO BRANCH 15,000 25,000 44,000 56,000 20,000 200,000 80,000

Accounts Payable Bonds Payable Ordinary Share Accumulated Profits Home Office Unrealized Intracompany Profits

110,000 400,000 300,000 700,000

20,000

260,000 16,000