Question: A warehouse fire destroyed $ 4 . 6 $ 4 . 6 million worth of uninsured inventory. ( Select the best choice below. ) A

A warehouse fire destroyed
$ 4.6$4.6
million worth of uninsured inventory.(Select the best choice below.)
A.
Inventory would increase by
$ 4.6$4.6
million, and the book value of equity would decrease by the same amount.
B.
Inventory would decrease by
$ 4.6$4.6
million, and the book value of equity would be unchanged.
C.
Inventory would increase by
$ 4.6$4.6
million, as would the book value of equity.
D.
Inventory would decrease by
$ 4.6$4.6
million, as would the book value of equity.

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