Hot Pepper Company had the following information in itsaccounting records at year end:Inventory Cost $4,000,000It estimates the net realizable value of this inventory is$3,500,000. As a result of this information Hot Pepper Co.would:
Multiple Choice
Make a journal entry crediting the allowance for inventoryvaluation for $500,000
Make a journal entry debiting a gain on market appreciation for$500,000
Make a journal entry debiting the allowance for inventoryvaluation for $500,000
Make a journal entry debiting a loss on inventory decline for$500,000
Make no entry
Hot Pepper Company had the following information in its accounting records at year end: Inventory Cost $4,000,000 It e
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answerhappygod
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