A company's merchandise inventory includes all of the following,except
A)goods in warehouses.
B)goods sold,but not yet delivered.
C)goods in transit from suppliers,if title has passed to the merchandiser.
D)goods in trucks between the warehouse and the store.

Question

Quizplus · Accepted Answer

Goods sold but not yet delivered are considered accounts receivable, not merchandise inventory.

A Company's Merchandise Inventory Includes All of the Following,except