As the accountant for cm coffee & co., you prepare your trial balance and have an unadjusted inventory balance of $15,650 and cost of goods sold of $98,400. after your physical inventory count, you determine the actual year-end inventory is $15,000. the following adjustment has what impact on stockholders’ equity?
(a)- increse of $650
(b)- decrease of $650
(c)- remains same
(d)- none of these