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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 Required When the Inventory Counted Is Greater
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The Adjusting Entry Required When the Inventory Counted Is Greater

Question 134

Question 134

True/False

The adjusting entry required when the inventory counted is greater than the balance in the inventory account has a credit to Cost of Goods Sold.

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