1. What was the cost of merchandise destroyed by fire as fa

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1. What was the cost of merchandise destroyed by fire as far as the… 1. What was the cost of merchandise destroyed by fire as far as the home office is concerned? Image transcription textIntegrity Branch of the PUP Company is billed for merchandise by the home office at 20% above cost. Thebranch in turn prices merchandise for sales purposes at 25% above billed price. On February 14, all of thebranch merchandise is destroyed by fire. No insurance was maintained. Branch accounts showed … Show more… Show moreA. P30,000B. P31,000C. P38,000D. P31,667E. P36,000 2. Integrity Company has the following information: Unsecured creditors P460,000 Preferred creditors 220,000 Secured creditors: ABC Co., fair value of asset pledged P360,000 420,000 DEF Co., fair value of asset pledged P200,000 340,000 GHI Co., fair value of asset pledged P280,000 240,000The company also has a number of other assets that are not pledged in any way.How much should be realized from the free assets(unpledged) so that ABC Co. would receive exactly P378,000? A. P378,000B. P198,000C. P642,000D. P462,000E. P488,000 Accounting Business Financial Accounting ACCO 30013

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