Assume that Pembroke Office Equipment in Eye Opener 14 experienced an abnormal inventory shrinkage of ($ 215,650).
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Assume that Pembroke Office Equipment in Eye Opener 14 experienced an abnormal inventory shrinkage of \(\$ 215,650\). Pembroke Office Equipment has decided to record the abnormal inventory shrinkage so that it would be separately disclosed on the income statement. What account would be debited for the abnormal inventory shrinkage?
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Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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