In the balance sheet ending inventory is reported
A) in current assets immediately following accounts receivable.
B) in current assets immediately following prepaid expenses.
C) in current assets immediately following cash.
D) under property plant and equipment.

Question

Quizplus · Accepted Answer

Ending inventory is considered a current asset, therefore it would be reported in the current assets section of the balance sheet. Typically, it is reported immediately following accounts receivable.

In the Balance Sheet Ending Inventory Is Reported