Bistro Company Incurred a Permanent Inventory Loss of $80, 000

Multiple Choice

Bistro Company incurred a permanent inventory loss of $80, 000 in April 2010 after the March 31, 2010 quarterly financial statements were issued.What amount of this loss should be reflected in the quarterly income statement for the three months ended June 30, 2010?

A) $ 0
B) $20, 000
C) $26, 667
D) $80, 000