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At the end of the current fiscal year, Nicks Greenhouse counted inventory and determined that inventories of 5174,320 were on hand. At the end of

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At the end of the current fiscal year, Nicks Greenhouse counted inventory and determined that inventories of 5174,320 were on hand. At the end of the fiscal year, the unadjusted inventory account balance is $190,000. Inventory at the start of the year was $199,760 Which of the following accounting adjustments should Nick's Greenhouse record? Select one Balance Sheet Income Statement Cash Asset Moncash acts - Liabilities Contrib. Capital Earned Capital Revenues - Expenses - Net Income 1975 2.700 2700 170 wenty ICOGS b Balance Sheet Income Statement Cash Aset Noncash Assets Liabilities Contrib. Capital Earned Capital Revenues - Expenses - Net Income 115.600 15. 1156 Crventory COGS No accounting adjustment is required Balance Sheet Income Statement Cash Asset - Noncash Assets - Labilities Contrih. Capital Earned Capital Revenues Expenses - Net Income 5. 21.00 ICOGS

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