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Required information [The following information applies to the questions displayed below.] During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately

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Required information [The following information applies to the questions displayed below.] During fiscal 2014, Respberry, Incorporation wrote down its RB10 smartphone inventory by approximately $1,699,000,000 because its cost exceeded its net realizable value. Required: 1. Complete the table below, indicating the account, amount, and direction and show the effects for the above adjustment. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity

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