In Morgan County Feeders v. McCormick, the court ruled
A) Cattle will always be considered equipment for a farm.
B) Cattle will always be considered inventory for a farm.
C) To determine if cattle are equipment or inventory, the court must determine what the predominant use is of the cattle.
D) To determine if cattle are equipment or inventory, the court must see how the owner listed them in legal documents.
Correct Answer:
Verified
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