The cost of unsold inventory at the end of the 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: Asset; Balance sheet
Accounting MCQ
Financial Accounting
The cost of unsold inventory at the end of the year is classified as a(n) ________ in the ________.
Subscribe to:
Post Comments (Atom)
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.