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CONTENTS

                                                                       
Page  Para. 
NOTICE 
PREFACE 
GENERAL SUMMARY  1–22 
I. ALLOCATION METHODS: 
Separate Accounting and Fractional Apportionment  14  2–12 
Nature of Separate Accounting  17  13–17 
II. BRANCH ACCOUNTING  19  18 
General Accounting Requirements  19  19–38 
Foreign Exchange  23  39–41 
III. SEPARATE DETERMINATION OF SELLING PROFIT AND MANUFACTURING PROFIT  25  42–47 
IV. THE COMMISSION METHOD  27  48–56 
V. HE INDEPENDENT DEALER PRICE METHOD  30  57–61 
Unrealised Profits in Branch Inventories  31  62–67 
Inter-branch Expense Charges  33  68–70 
General Overhead Expense  34  71–73 
VI. THE CONSTRUCTED FACTORY PRICE METHOD: 
The Cost Approach  36  74–77 
Cost-plus Basis for constructing a Factory Price  37  78–87 
Constructing a “Fair Market Price”  40  88–96 
VII. APPORTIONMENT OF JOINT PROFIT ON MANUFACTURE AND SALE  43  97–106 
VIII. ALLOCATION METHODS FOR VARIOUS ESTABLISHMENTS  47  107 
Manufacturing Establishments  47  108–109 
Dumping and Differential Gains  48  110–115 
Buying Establishments  49  116–126 
Processing Establishments  52  127–131 
Assembly Plants  53  132–133 
IX. CAPITALISED BASIS OF BRANCH ACCOUNTING  55  134 
Treatment of Branch as a Separate Entity  55  135–137 
Apportionment of Interest on General Indebtedness  56  138–144 
Tax Aspects in Intra-company Interest  59  145–150 
X. BRANCH TAX RETURNS AND SUPPORTING SCHEDULES  61  151–158 
Appendices
A. Methods of Accounting for Exchange Operations  65  1–14 
B. Illustrative Entries for Consignments to Branches  70  1–19 
C. Analysis of Production and Distribution Costs  74  1–22 

S. d. N. 1.705 (F.) 1.725 (A.) 9/33 Imp. Vitte, Lyon.

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