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.Ira,a police officer,buys an Excel from Fine to drive in his off-duty hours.Ira's Excel is
A) a consumer good.
B) an accession.
C) equipment.
D) inventory.

Question

Quizplus · Accepted Answer

Since Ira is purchasing the car for his personal use, it is considered a consumer good.

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