A, B, C, D?

Kincaid Company applies the lower-of-cost-or-market rule to each individual item in its ending inventory. The company determines that it must write down its inventory by $4,000. Which of the following answers reflects how this inventory write-down would affect Kincaid's financial statements? + a. b. Assets (4.000) = (4,000) (4,000) (4,000) = Liab. n/a n/a n/a n/a Equity +(4,000) +(4,000) +(4,000) 4,000 Rev. n/a n/a n/a 4,000 Exp. = Net Inc. | Cash Flow 4,000 =(4,000) (4,000) OA 4,000 =(4,000) n/a n/a n/a n/a n/a = 4,000 n/a C. d +