Use the information to answer the question given. \(\begin{array}{c|c} \text{Branch stock account (at selling price)}...

WAEC 2014

Use the information to answer the question given.

\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{Branch mark-up account} & D62,000 - credit \end{array}\)

Calculate the stock figure to be included in the balance sheet at the year end

A. D408,000
B. D346,000
C. D284,000
D. D62,000

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Correct Answer: Option C

Explanation

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