A company's merchandise inventory includes all of the following,except
A)goods in possession,but which cannot be sold.
B)goods on shelves.
C)damaged goods that can be sold at a reduced price.
D)goods in storerooms.

Question

Quizplus · Accepted Answer

Merchandise inventory includes items that are intended for sale, regardless of their condition or location, as long as they can potentially be sold. Goods in possession that cannot be sold do not count towards merchandise inventory.

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