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Business, 14.01.2020 02:31 chiffrardemsley

An inventory loss from a permanent market decline of $360,000 occurred in may year 1. cox co. appropriately recorded this loss in may year 1 after its march 31, year 1, quarterly report was issued.
1. what amount of inventory loss should be reported in cox's quarterly income statement for the three months ended june 30?

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An inventory loss from a permanent market decline of $360,000 occurred in may year 1. cox co. approp...

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