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QUESTION
After a physical count of its inventory, Whetzel Co. discovered that $400 of inventory is missing. Show how the required write-down of inventory...
After a physical count of its inventory, Whetzel Co. discovered that $400 of inventory is missing. Show how the required write-down of inventory would affect Whetzel Co's statements.
using only : Increase, Decrease and N/A (no affect) on:
Assets-Liabilities-Equity-Revenues-Expenses-Net Income - Cash
