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On July 8, a Fire Destroyed the Entire Merchandise Inventory

Question 59

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On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: What is the estimated inventory on July 8 immediately prior to the fire? A) $192,000. B) $490,000. C) $510,000. D) $280,000. What is the estimated inventory on July 8 immediately prior to the fire?


A) $192,000.
B) $490,000.
C) $510,000.
D) $280,000.

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