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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: 7 O a.
A company experiences inventory shrinkage and records the proper entry to account for it. As a result of this entry: Select one: 7 O a. gross profit will decrease and net income will increase O b. gross profit will increase and net income will decrease O C. gross profit will decrease and net income will decrease O d. gross profit will increase and net income will increase
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