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hi so this is a continuation of our discussion last um in our last video uh lecture so after the journal entries after the posting trial balance now we move on to the preparation of the combined financial statements again we reiterate that as provided in the new conceptual framework chapter 3. um you have combined financial statements for entities which is not governed by parent subsidiary relationship and so um this home office and branch they are not separate and registered entities they just both of them or more branches as the case may be um they constitute just one corporation so branch is just an extension of the home office as such they are required to prepare only one financial reports so as emphasized here you have preparation of combined financial statement shipment okay shipment is at cost i emphasize it here because later well have shipment at build price and that will in that will probably include or rather that will include um additional journal entries okay so what are