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The adjusting entry to recognize the write down of inventory based on the lower-of-cost-or-market rule will ....... Multiple Choice decrease the amount of liabilities. decrease
The adjusting entry to recognize the write down of inventory based on the lower-of-cost-or-market rule will .......
Multiple Choice
decrease the amount of liabilities.
decrease the cash flow from operating activities.
increase the amount of expenses.
increase the amount of assets.
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