Frisco Company Inc

question 124

Multiple Choice

Frisco Company Inc.'s Merchandise Inventory account at the end of year 2015 has a balance of $62,115, but a physical count reveals that only $61,900 of inventory exists. The adjusting entry to record the inventory shrinkage is:

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Definitions:

Claim Message Outlining

The process of structuring the main points and arguments of a claim message clearly and logically.

Present Facts

The act of providing evidence-based information which is current and relevant.

Friendly but Firm

A communication style that balances warmth and assertiveness.

Indirect Claim

An indirect claim is a request or demand for action, reimbursement, or compensation that is made in a subtle or not directly stated manner.