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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 4: Accounting for Merchandising Businesses
  5. Question
    The Entry to Record the Amount of Inventory Shrinkage Affects
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The Entry to Record the Amount of Inventory Shrinkage Affects

Question 20

Question 20

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The entry to record the amount of inventory shrinkage affects both the balance sheet and the income statement.

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