QUESTION 1Merchandise inventory is classified on the balance sheet as aa. long-term assetb. current liabilityc. current assetO d. long-term liability

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Description: QUESTION 1Merchandise inventory is classified on the balance sheet as aa. long-term assetb. current liabilityc. current assetO d. long-term liability

In business there is need of inventory without maintaining sufficient inventory business can not be…

Answered: QUESTION 1 Merchandise inventory is…

Business

Accounting

QUESTION 1 Merchandise inventory is classified on the balanc a. long-term asset b. current liability c. current asset d. long-term liability

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.1MBA

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