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You are developing an accrual-adjusted income statement from a cash income statement. During the year, inventories increased. What is the adjustment you need to make?
You are developing an accrual-adjusted income statement from a cash income statement. During the year, inventories increased. What is the adjustment you need to make?"
add ending inventory to income | ||
add ending inventory to expenses | ||
add the increase in inventories to income | ||
add the increase in inventory to expenses | ||
no change |
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