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Business, 28.11.2019 04:31 20011854

Nelson corporation is required to record an inventory write-down of $2,500 as a result of using the lower-of-cost-or-market rule. which of the following shows how this entry would affect the financial statements? assets = lia. + stk. equity rev. - exp. = net inc. stmt of cash flows a. (2,500) na (2,500) na 2,500 (2,500) na b. (2,500) (2,500) na na na na na c. na (2,500) 2,500 2,500 na 2,500 na d. (2,500) na (2,500) na 2,500 (2,500) (2,500)

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