Which of the following assets does a retailer-but NOT a service business-need?
A)Inventory
B)Equipment
C)Prepaid insurance
D)Accounts receivable

Name: Which of the following assets does a retailer-but NOT a service business-need? A)Inventory B)Equipment C)Prepaid insurance D)Accounts receivable
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Question

Quizplus · Accepted Answer

Inventory is an asset that is held for sale in the ordinary course of business. Service businesses do not hold inventory for sale, so they do not need this asset.

Which of the Following Assets Does a Retailer-But NOT a Service