[Solved] All of the following statements regarding inventory shrinkage are except: A) Inventory shrinkage refers to the loss of inventory. B) Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts. C) Inventory shrinkage is recognized by debiting an operating expense. D) Inventory shrinkage is recognized by debiting Cost of Goods Sold. E) Inventory shrinkage can be caused by theft or deterioration. Dry Chemical: null Chemical Solutions: Homogeneous mixtures comprised of two or more substances with solutes dissolved in solvents. Anatomy: The scientific study of the structure of living beings, including their systems, organs, and tissues. Microscope: An instrument used to view objects that are too small to be seen by the naked eye.