Of the following two statements, which one(s) is (are) correct, if any?S-1 A transfer of merchandise from the home office to one of its branches should be recorded with a decreasein the branch’s Home Office account.S-2 A transfer of merchandise from the home office to one of its branches should be recorded with an increaseIn the home office’s Investment in Branch account.a. S-1 and S-2.b. S-1 only.c. S-2 only.d. Neither S-1 nor S-2
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