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    Intermediate Accounting Study Set 11
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    Exam 8: Inventory
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    On April 15 of the Current Year, a Fire Destroyed
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On April 15 of the Current Year, a Fire Destroyed

Question 89

Question 89

Multiple Choice

On April 15 of the current year, a fire destroyed the entire inventory of Nourish, a retail store.The following data are available: On April 15 of the current year, a fire destroyed the entire inventory of Nourish, a retail store.The following data are available:   The amount of the inventory loss is estimated to be A) $327,000. B) $67,000. C) $159,250. D) $53,600. The amount of the inventory loss is estimated to be


A) $327,000.
B) $67,000.
C) $159,250.
D) $53,600.

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