Merchandise Inventory is listed as a(n)

a. current asset.
b. current liability.
c. expense.
d. revenue.


a

Business

You might also like to view...

Perfumes and colognes often use a demonstration form of executional framework, because they are easy to show in a positive light

Indicate whether the statement is true or false

Business

The primary way a website is able to personalize the content presented to a visitor is through the use of:

A. privacy policies. B. cookies. C. accessibility rules. D. site management tools.

Business

Haley Inc had the following information related to last year's purchases: Cost of goods purchased $85,000 Accounts payable - beginning 3,000 Accounts payable - ending 5,000 What amount would be reported as "cash outflows for purchases" on the statement of cash flows using the direct method?

A) $93,000 B) $87,000 C) $77,000 D) $83,000

Business

There are five types of risks associated with purchase decisions. Which of the following best describes a situation where your new car stalls in the middle of a busy intersection?

A. psychological risk B. financial risk C. functional risk D. social risk E. physiological risk

Business