Inventories do not include goods and services:
A) held for sale.
B) used up in production.
C) sold to customers.
D) consumed in production.

Name: Inventories do not include goods and services: A) held for sale. B) used up in production. C) sold to customers. D) consumed in production.
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Question

Quizplus · Accepted Answer

Inventories include goods and services that are held for sale, used up in production, or consumed in production. They do not include goods and services that have already been sold to customers.

Inventories Do Not Include Goods and Services