The retail inventory method indicated an inventory value of $80,000. A physical inventory indicated a value of

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The retail inventory method indicated an inventory value of $80,000. A physical inventory indicated a value of $70,000. Suggest possible causes of this discrepancy.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:17 AM

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The retail inventory method indicated an inventory value of $80,000. A physical inventory indicated a value of

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First it must be remembered that the retail inventory method is an es...View the full answer

Intermediate Accounting

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