Inventory embodies:

Question

Inventory embodies:

Quizplus · Accepted Answer

Inventory refers to tangible goods that are held by a business for the purpose of producing goods and services. This can include raw materials, work-in-progress, and finished goods. Stocks and bonds (A) are not considered inventory, as they are financial assets rather than physical goods. Accounts receivable (B) refers to money owed to a business by customers who have not yet paid for their purchases, and is also not considered inventory. Formal debts (C) are liabilities, not inventory. Prepaid expenses (D) refer to payments made in advance of actual occurrence, such as insurance premiums, and are also not considered inventory.

Inventory Embodies