astro Corp. sells just one product. At the end of the fiscal year 2018, Astro place to lower of cost or market rule and Wrightstown the value of inventory from historical cost of 10,500 to current market value of 9800. Which of the following will resort from this write down?

a.Mastro's owners equity decreases by $700, b.Mastro's total assets remain the same, cMastro's gross profit remains the same, d.both A and B are true

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