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    Horngrens Accounting Study Set 2
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    Exam 5: Merchandising Operations and the Accounting Cycle
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    The Adjusting Entry to Record Inventory Shrinkage Would Include a Debit
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The Adjusting Entry to Record Inventory Shrinkage Would Include a Debit

Question 175

Question 175

True/False

The adjusting entry to record inventory shrinkage would include a debit to the cost of goods sold account in a perpetual inventory system.

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