On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store.The following data are available: The amount of the inventory loss is estimated to be
A)$75,000.
B)$66,833.
C)$111,500.
D)$90,000.

Question

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store.The following data are available:  The amount of the inventory loss is estimated to be
A)$75,000. 
B)$66,833. 
C)$111,500. 
D)$90,000.

Quizplus · Accepted Answer

The given data is irrelevant to calculate the amount of inventory loss. Therefore, we need to use the estimate given in the question, which is $66,833.

On April 15 of the Current Year, a Fire Destroyed