Dr.Wells purchased a refrigerator for use in his home.The refrigerator will be classified as:
A) consumer goods.
B) equipment.
C) farm products.
D) inventory.

Question

Quizplus · Accepted Answer

Consumer goods are products purchased for personal or household use, such as appliances like refrigerators. Therefore, a refrigerator purchased by Dr. Wells for use in his home would be classified as a consumer good.

DrWells Purchased a Refrigerator for Use in His Home