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Exhibit 20-2 Calumet Company Sells Slippers

Question 67

Multiple Choice

Exhibit 20-2 Calumet Company sells slippers. The following information is available for Calumet's inventory for 2011:
Exhibit 20-2 Calumet Company sells slippers. The following information is available for Calumet's inventory for 2011: Refer to Exhibit 20-2. Calculate Calumet's shrinkage loss for the year. A) $45,000 B) $30,000 C) $90,000 D) $150,000 Refer to Exhibit 20-2. Calculate Calumet's shrinkage loss for the year.


A) $45,000
B) $30,000
C) $90,000
D) $150,000

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