Question: ABC, Inc. must write down its inventory by $15,000 to the net realizable value of $400,000. What is the effect of this write-down in the

ABC, Inc. must write down its inventory by $15,000 to the

ABC, Inc. must write down its inventory by $15,000 to the net realizable value of $400,000. What is the effect of this write-down in the current period financial statements? Decrease ending inventory on the balance sheet. Decrease the cost of goods sold. Decrease accounts payable. Increase pretax income

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