Which of the following accounts would not be found as an asset on the balance sheet of a manufacturer?
A)Raw Materials Inventory
B)Work in Process Inventory
C)Finished Goods Inventory
D)Merchandise Inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is typically found on the balance sheet of a retailer, not a manufacturer. Manufacturers usually have raw materials, work in process, and finished goods inventory on their balance sheet.

Which of the Following Accounts Would Not Be Found as an Asset