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7. M. R. Wilson Supplies had merchandise inventory that cost $1,900. The market value of the merchandise inventory is $1,500. What value should Wilson Supplies

7.

M. R. Wilson Supplies had merchandise inventory that cost $1,900.
The market value of the merchandise inventory is $1,500. What value should Wilson Supplies show on the balance sheet for merchandise inventory?

What value should Wilson Supplies show on the balance sheet for merchandise inventory?

A.$3,400

B.$1,500

C.$400

D.$ 1,900

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