Multiple Choice
Which of the following is generally not true about inventory?
A) Inventory consists of all goods owned and held for sale to customers.
B) Inventory is a non-financial asset.
C) Inventory must be managed on a unit-by-unit (i.e. ,specific identification) method.
D) Inventory is usually shown on the balance sheet at cost.
Correct Answer:
Verified
Correct Answer:
Verified
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