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W. 5-4 You are the financial officer for Music Plus, a retailer that sells goods...

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Accounting

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W. 5-4 You are the financial officer for Music Plus, a retailer that sells goods for home entertainment COMMUNNICATING keds. The business owner. Jamie Madsen, recently reviewed the annual financial statements you prepared IN PRACTICE ond sent you an e-mail stating that he thinks you overstated net income. He explains that although he has trirsted at great deal in security, he is sure shoplifting and other forms of inventory shrinkage have occurred, but be does not see any deduction for shrinkage on the income statement. The store uses a perprotual inventory system. Frequined Prepare a brief memorandum that responds to the owner's concerns

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