Fact Pattern 29-1A (Questions A11-A13 apply)
Luxuro Vehicles,Inc.,makes and sells automobiles to auto dealers,including MotorPros Auto & Truck Sales.MotorPros sells the cars to consumers and businesses.
-Refer to Fact Pattern 29-1A.A car in MotorPros's possession is most likely
A)a consumer good.
B)an instrument.
C)equipment.
D)inventory.

Question

Quizplus · Accepted Answer

The car in MotorPros's possession is most likely inventory because it is being held for sale to customers, and is a key asset in MotorPros's business operations.

Fact Pattern 29-1A (Questions A11-A13 Apply)