Merchandise inventory includes:A) All goods owned by a company and held for sale.B) All goods in transit.C) All goods on consignment.D) Only damaged goods.E) Only non-damaged goods.

Question

Merchandise inventory includes:A)  All goods owned by a company and held for sale.B)  All goods in transit.C)  All goods on consignment.D)  Only damaged goods.E)  Only non-damaged goods.

Malorie Rowzee · Accepted Answer

Final Answer : A, Explanation :  Merchandise inventory includes all goods owned by a company and held for sale. Goods in transit, on consignment, or damaged/non-damaged are not relevant to the definition of merchandise inventory.

Merchandise inventory includes:

A) All goods owned by a company and held for sale.
B) All goods in transit.
C) All goods on consignment.
D) Only damaged goods.
E) Only non-damaged goods.

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Learning Objectives

Learning Objectives

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