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In QuickBooks Online Which 3 statements are true about revaluing inventory? (Select all that apply) a. An Inventory Valuation adjustment can be created b. An
In QuickBooks Online
Which 3 statements are true about revaluing inventory? (Select all that apply) a. An Inventory Valuation adjustment can be created b. An Obsolescence inventory asset account should be created c. Best practice is to use a Clearing bank type of account to record entries d. Use an Inventory Adjustment to adjust the quantity (and value) down to zero e. Use a zero-dollar purchase transaction to revalue the inventory
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