Question: b . A warehouse fire destroyed $ 4 . 9 4 . 9 million worth of uninsured inventory. ( Select the best choice below. )
b A warehouse fire destroyed
$
million worth of uninsured inventory.Select the best choice below.
A
Inventory would decrease by
$
million as would the book value of equity.
B
Inventory would increase by
$
million as would the book value of equity.
C
Inventory would increase by
$
million and the book value of equity would decrease by the same amount.
D
Inventory would decrease by
$
million and the book value of equity would be unchanged.
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