A ________ company's balance sheet reports just one inventory called "Inventory."
A)service
B)merchandising
C)manufacturing
D)All of these types of companies

Question

Quizplus · Accepted Answer

Merchandising companies typically only have one type of inventory, which is the products they purchase from suppliers and sell to customers. Service companies do not have inventory, and manufacturing companies have multiple types of inventory such as raw materials, work-in-progress, and finished goods.

A ________ Company's Balance Sheet Reports Just One Inventory Called