Question: A warehouse fire destroyed $ 4 . 6 $ 4 . 6 million worth of uninsured inventory. ( Select the best choice below. ) A
A warehouse fire destroyed
$ $
million worth of uninsured inventory.Select the best choice below.
A
Inventory would increase by
$ $
million and the book value of equity would decrease by the same amount.
B
Inventory would decrease by
$ $
million and the book value of equity would be unchanged.
C
Inventory would increase by
$ $
million as would the book value of equity.
D
Inventory would decrease by
$ $
million as would the book value of equity.
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