Multiple Choice
Inventory shrinkage is $100. The income statement debit and credit columns of the worksheet total $2,500 and $2,500, respectively, not including the adjustment amounts for shrinkage. The net income or loss for the period is
A) $150 net income.
B) $150 net loss.
C) $100 net income.
D) $100 net loss.
Correct Answer:
Verified
Correct Answer:
Verified
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