Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Merchandise Inventory is the product that a company owns for reselling to the customers in the market.
Option C is the correct answer.
What is reselling?
Reselling is one of the activities applied by the production company in disposing of the goods more than one time in the consumer market.
When the goods are sold again by the sellers and the retailers to the customers, they it is treated as merchandise inventory. It has the same nature similar to the closing inventory being reported on the balance sheet of the company under the current assets.
Therefore, the explanation provided in Option C would describe the merchandise inventory.
Learn more about the balance sheet in the related link:
https://brainly.com/question/19552006
#SPJ1
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.
