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What would the effect(s) of the adjustment to write-down inventory to market value if at the end of the year, Marline Corporation determines that its ending inventory AHS a cost of $2000 and a market value of $1900?



A. Increase to net income.
B. No effect on net income and ending inventory
C. Increase in cost of ending inventory
D. Decrease in net income

This question is part of Financial Accounting Exam II, Chapters 5 & 6
Asked by Stephens, Last updated: Mar 27, 2020

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John Smith

John Smith

Answered Mar 25, 2017

Decrease in net income
 

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