Regardless of how long it takes to produce and sell inventory, inventory is always considered to be a?
A)Current asset
B)Current liability
C)Long-term asset
D)Stockholder's equity

Question

Quizplus · Accepted Answer

Inventory is classified as a current asset on a company's balance sheet because it is expected to be sold or used within one year or within the business's normal operating cycle, whichever is longer.

Regardless of How Long It Takes to Produce and Sell