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Hao is completing inventory and found four boxes of lightbulbs out of twenty that were crushed. What is the best method to adjust his inventory
Hao is completing inventory and found four boxes of lightbulbs out of twenty that were crushed. What is the best method to adjust his inventory records to reflect the damage? Select an answer:
Record an inventory adjustment with a change in quantity of negative 4.
Record an inventory adjustment with a new quantity of 16.
Record an inventory adjustment with a change in quantity of positive 4.
Record a journal entry to change the value in the Inventory asset account to reflect the value of 16 boxes of bulbs.
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