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34. At the end of the current fiscal year, Nick's Greenhouse counted inventory and determined that inventories of $69,728 were on hand. The end of

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34. At the end of the current fiscal year, Nick's Greenhouse counted inventory and determined that inventories of $69,728 were on hand. The end of fiscal year the unadjusted inventory account balance is $76.000. Inventory at the start of the year was $79,904. Which of the following accounting adjustments should Nick's Greenhouse record? A) Balance Sheet Income Statement Net Cash Asset Noncash Assets Liabilities Contrib. Capital Earned Capital Revenues Expenses Income -8.272 +8,272 6.272 inventory 6272 Retained eaming COGS B) Balance Sheet Income Statement Cash Asset Earned Noncash Assots Liabilities Contrib. Capital Net Revenues Expenses Capital Income -3.904 13.904 +3904 3.90 taventory Ratained emings FCOGS C) Balance Sheet Income Statement Cash Asto honcash Assets Eamed Liabilities Net Contrib. Capital Revenues Expenses Capital Income 10 10.176 Inventory -Y70 Red 10.175 2005 Dj No accounting adjustment is required MacB

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