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When inventory is written down due to lower-of-cost-or-NRV computations, the account that is debited is: cost of goods sold. o inventory expense. o inventory write-down.
When inventory is written down due to lower-of-cost-or-NRV computations, the account that is debited is: cost of goods sold. o inventory expense. o inventory write-down. o inventory O allowance for bad inventory
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