Excel Vehicles, Inc., makes and sells automobiles to auto dealers, including Fine Auto Sales. Fine sells the cars to consumers and businesses.
-Refer to Fact Pattern 24-1.A car in Fine's possession is probably
A)a consumer good.
B)an accession.
C)equipment.
D)inventory.

Question

Quizplus · Accepted Answer

Based on the fact pattern, Fine Auto Sales is a dealer and sells cars to consumers and businesses, indicating that the car in their possession is inventory.