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

Question

Quizplus · Accepted Answer

A discount retailer such as Zellers sells finished goods to customers, hence they would report merchandise inventory as an asset. Raw materials, work-in-process, and direct materials are typically reported by manufacturing companies.

Which of the Following Inventories Would a Discount Retailer Such