Question: When inventory is stolen, what will be the effect on the equation when the company records the transaction? increase assets and decrease equity Oincrease assets

When inventory is stolen, what will be the effect on the equation when the company records the transaction? increase assets and decrease equity Oincrease assets and equity Odecrease assets and equity decrease assets and increase equity Which cost flow method will result in the highest taxes when in a deflationary (falling costs) environment? O specific identification lifo Ofifo Oweighted average

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