In 2016 The Stringer Co will recognize an impairment loss on certain obsolete assets The loss will be reported as the income and will reduce the carry amount of the sets on the balance sheet. Wat will be the most likely effect of the impairment loss? Net pro merginin years after 2016 Willy exceed the net profit margin in 2016 All of these are true None of these is true Cash flow from operating activities in 2016 will likely be lower because of the impairmention Net income in years prior to 2016 was likely understated