Record Inventory That Is Recovered After a Loss Has Already

question 24

Multiple Choice

Record inventory that is recovered after a loss has already been recorded -

• A)in the general journal using the inventory asset and the damaged/lost inventory expense accounts
• B)in the adjustments journal using a positive quantity and the damaged/lost inventory expense account
• C)in the adjustments journal using a negative quantity and the damaged/lost inventory expense account
• D)in the general journal using the inventory asset and the damaged/lost inventory expense account

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