Assume that Mountain Gear Inc. in Discussion Question 9 experienced an abnormal inventory shrinkage of $263,750. Mountain
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Assume that Mountain Gear Inc. in Discussion Question 9 experienced an abnormal inventory shrinkage of $263,750. Mountain Gear Inc. has decided to record the abnormal inventory shrinkage so that it would be separately disclosed on the income statement. What account would be debited for the abnormal inventory shrinkage?
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