Fact Pattern 20-1 (Questions 14-16 apply)
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 20-1.A car in Fine's possession is probably
A) a consumer good.
B) an accession.
C) equipment.
D) inventory.

Question

Quizplus · Accepted Answer

The car in Fine's possession is most likely considered inventory because it is intended for resale to consumers and businesses.

Fact Pattern 20-1 (Questions 14-16 Apply)