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Required write-down of inventory

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Reference no: EM132203955

After a physical count of its inventory, Whetzel Co. discovered that $400 of inventory is missing. Show how the required write-down of inventory would affect Whetzel Co's statements.

Using only: Increase, Decrease and N/A (no affect) on:

Assets-Liabilities-Equity-Revenues-Expenses-Net Income - Cash

Reference no: EM132203955

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