HOW? ASAPPPPP

9. ABASE HUMILIATE Co. is currently preparing its combined financial statements for the year ended December 31, 20x1. As of this date, the "Investment in branch" account has a balance of P380,000 while the "Home office" account has a balance of P528,000. The following information has been gathered: The home office allocated unpaid utilities expenses amounting to F40,000 to the branch which the branch did not record in full. Instead, the branch sent a wrong adjusting memo to the home office reducing the charge by $10,000 and setting up a liability for the remaining amount. b. The home office erroneously credited the branch for a return of shipment of merchandise worth P100,000. The branch did not make any return of merchandise. c. The branch mistakenly received a copy of the home office correcting entry for item (b) above dated January 3, 20x2 and entered a credit in favor of the home office on December 31, 20x1 d. The branch mistakenly sent the home office a debit memo amounting to P12,000 for an apparent remittance of collections which did not happen. The home office did not record the debit memo. How much is the net adjustment to the "Investment in branch" account? increase (decrease) a. 100,000 b. 48,000 c. (48,000) d. (52,000)