At the start of the year, Northern Lights had $7,000 worth of merchandise. This is called

Name: At the start of the year, Northern Lights had $7,000 worth of merchandise. This is called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Beginning inventory refers to the amount of merchandise a business has at the start of a period or year. In this case, Northern Lights had $7,000 worth of merchandise at the start of the year, therefore, the best choice is B (beginning inventory).

At the Start of the Year, Northern Lights Had $7,000