Which of the following terms refers to goods that are physically united with other goods such that the identity of the original goods is not lost?
A)inventories
B)general intangibles
C)accessions
D)stocks

Question

Quizplus · Accepted Answer

Accessions refer to goods that are physically united with other goods in such a way that the identity of the original goods is not lost. Examples include crops grown on land, repairs made to a machine, or improvements made to a building. Inventories refer to goods that a business holds for sale in the ordinary course of its operations. General intangibles refer to intangible assets, such as patents, trademarks, and copyrights. Stocks refer to shares of ownership in a corporation.

Which of the Following Terms Refers to Goods That Are