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On June 19, 2011, a Fire Destroyed the Entire Uninsured

Question 27

Multiple Choice

On June 19, 2011, a fire destroyed the entire uninsured merchandise inventory of the Allen Merchandising Company. The following data are available:
On June 19, 2011, a fire destroyed the entire uninsured merchandise inventory of the Allen Merchandising Company. The following data are available: What is the approximate inventory loss as a result of the fire? A) $19,200 B) $27,200 C) $34,000 D) $58,000
What is the approximate inventory loss as a result of the fire?


A) $19,200
B) $27,200
C) $34,000
D) $58,000

Correct Answer:

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