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A company experiences inventory shrinkage and records the proper entry to account for it. As a result of this entry Select one: o a. gross

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A company experiences inventory shrinkage and records the proper entry to account for it. As a result of this entry Select one: o a. gross profit will decrease and net income will increase O b. gross profit will decrease and net income will decrease C. gross profit will increase and net income will decrease o d. gross profit will increase and net income will increase OO

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