Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 6 - Reporting and Analyzing Inventory - Questions: 2

Answer

1) They are owned by the company. 2) They are in the form ready for sale to customers in the ordinary course of business.

Work Step by Step

The two characteristics an item should have, to be classified.
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