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    Financial Accounting Study Set 1
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    Exam 7: Inventory and Cost of Goods Sold
  5. Question
    If the Ball Corp.writes Down Its Inventory,its
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If the Ball Corp.writes Down Its Inventory,its

Question 20

Question 20

Multiple Choice

If the Ball Corp.writes down its inventory,its:


A) cost of goods sold will decrease.
B) net income will increase.
C) current assets will decrease.
D) stockholders' equity will increase.

Correct Answer:

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