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Question 9 (5 points) A company carries inventory on its balance sheet for $100,000. It realizes that the actual replacement cost of the inventory is

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Question 9 (5 points) A company carries inventory on its balance sheet for $100,000. It realizes that the actual replacement cost of the inventory is only $80,000. Prepare the necessary entry to adjust the inventory balance to lower of cost or market. 10/3 iata Ouoctio

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