Is an adjusting entry needed for inventory shrinkage when using the periodic inventory system? Explain.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Apr 03, 2015 09:50 AM

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Is an adjusting entry needed for inventory shrinkage when using the periodic inventory system? Explain.

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An adjusting entry is not needed for inventory shrinkage wh...View the full answer

Horngrens Financial and Managerial Accounting

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