Use the information to answer the question given. \(\begin{array}{c|c} \text{Branch stock account (at selling price)} D346,000 - debit \\ \text{Branch mark-up account} D62,000 - credit \end{array}\) The concept applied in calculating the stock figure to be included in the balance sheet at the year end is

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Use the information to answer the question given. \(\begin{array}{c|c} \text{Branch ...

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