Jill owns and operates a donut shop.Under the Code,the flour,sugar,and other goods used by Jill to make donuts are classified as:
A) farm products.
B) ingredients.
C) consumer goods.
D) inventory.

Question

Quizplus · Accepted Answer

In the context of a business operation like Jill's donut shop, the flour, sugar, and other goods used to make donuts are classified as inventory. This is because they are materials or goods held by the business for sale or to be used in the production of goods for sale.

Jill Owns and Operates a Donut Shop