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The Following Information Pertains to Inventory Held by a Company

Question 25

Multiple Choice

The following information pertains to inventory held by a company at December 31, 2013. The following information pertains to inventory held by a company at December 31, 2013. What is the amount of inventory loss shown on the income statement under U.S. GAAP? A) $1,000. B) $2,000. C) $4,000. D) $5,000. E) $8,200. What is the amount of inventory loss shown on the income statement under U.S. GAAP?


A) $1,000.
B) $2,000.
C) $4,000.
D) $5,000.
E) $8,200.

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