Concept:Goods sent to a branch may be invoiced by the head office at cost price, selling price, or invoice price (cost plus markup).
Explanation:Under branch accounting, goods can be recorded in the head office books at:
i. Selling price: used when the branch sells at the listed retail price.
ii. Cost price plus make-up percentage: this is the invoice price, which is cost plus a fixed percentage added to cover expenses or profit.
iii. Cost price: used when goods are sent at the original cost without any addition.
Since all three bases are possible depending on the method adopted, the correct choice includes i, ii, and iii.
Answer:D. i, ii and iii