Which of the following inventories would a discount retailer such as Wal-Mart report as an asset?
A)Raw materials.
B)Work in process.
C)Finished goods.
D)Merchandise inventory.
E)All of thesE.

Question

Quizplus · Accepted Answer

A discount retailer such as Wal-Mart would report merchandise inventory as an asset since it refers to items that the retailer has purchased from suppliers and are ready for sale to customers. Raw materials, work in process, and finished goods are typically inventory categories for manufacturing companies, not retailers.

Which of the Following Inventories Would a Discount Retailer Such