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The journal entry to record a write-down of inventory from cost to its lower market value includes a: O credit to Sales Revenue. O credit to Inventory. debit to Inventory. debit to Sales Revenue.

The journal entry to record a write-down of inventory from cost to its lower market value includes a: O credit to Sales Revenue. O credit to Inventory. debit to Inventory. debit to Sales Revenue.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Remaining Time: 1 hour, 24 minutes, 29 seconds. Question Completion Status: A Moving to another question will save this response. Question 6 The journal entry to record a write-down of inventory from cost to its lower market value includes a: O credit to Sales Revenue. O credit to Inventory. O debit to Inventory. O debit to Sales Revenue. A Moving to another question will save this response.
Transcribed Image Text:Remaining Time: 1 hour, 24 minutes, 29 seconds. Question Completion Status: A Moving to another question will save this response. Question 6 The journal entry to record a write-down of inventory from cost to its lower market value includes a: O credit to Sales Revenue. O credit to Inventory. O debit to Inventory. O debit to Sales Revenue. A Moving to another question will save this response.
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