Left Wing is a small retailer which sells items for left-handed people.Since the store is located in a kiosk near one of the entrances to the subway system,it is often the target of shoplifters.It also experiences some merchandise damage in excess of what a store located in a more traditional setting would experience.These types of losses are called:
A) loss margins
B) amortized losses
C) reductions
D) markdowns
E) net losses

Question

Quizplus · Accepted Answer

Reductions to the value of inventory occur as a result of shoplifting and damage to merchandise.

Left Wing Is a Small Retailer Which Sells Items for Left-Handed