Which of the following consists of the stocks of goods, materials, parts, and work-in-process that firms hold as part of doing business?
A) current assets
B) fixed assets
C) accounts receivables
D) inventory

Question

Quizplus · Accepted Answer

Inventory consists of the stocks of goods, materials, parts, and work-in-process that firms hold as part of doing business. Current assets refers to a category of assets that can be converted to cash within a year, fixed assets are long-term assets such as property and equipment, and accounts receivables are money owed to a company by its customers.

Which of the Following Consists of the Stocks of Goods