Fact Pattern 29-1A
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 29-1A. A car in Fine's possession is probably
A) a consumer good.
B) an accession.
C) equipment.
D) inventory.

Question

Fact Pattern 29-1A 
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 29-1A. A car in Fine's possession is probably
A) a consumer good.
B) an accession.
C) equipment.
D) inventory.

Quizplus · Accepted Answer

Since Fine Auto Sales sells cars to consumers and businesses, the car in Fine's possession is likely inventory - goods held for sale in the ordinary course of business.