The cost of inventory sold during the current year is classified as a(n) ________ in the ________.
A) Asset Balance sheet
B) Expense Income statement
C) Liability Balance sheet
D) Revenue Income statement
Answer: B
A) Asset Balance sheet
B) Expense Income statement
C) Liability Balance sheet
D) Revenue Income statement
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.