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7 1 pts What journal entry would correct the following situation? The CFO needs to writeoff obsolete inventory that totals $25,000. After providing the journal

7 1 pts What journal entry would correct the following situation? The CFO needs to writeoff obsolete inventory that totals $25,000. After providing the journal entry, list whether net income increases or decreases as a result of this journal entry. Edit View Insert Format Tools Table 12pt Paragraph BIU A v tzv

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