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The following information pertains to inventory held by a company on December 31, 2013. Picture What is the amount of inventory loss shown on the

The following information pertains to inventory held by a company on December 31, 2013. Picture What is the amount of inventory loss shown on the income statement under U.S. GAAP? 

  1. $0. 
  2. $3,000. 
  3. $14,000. 
  4. $10,000. 
  5. $8,400.

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