Companies that manufacture goods and hold onto them for a while before selling them and companies that buy goods and hold them temporarily for resale have created ______.

Question

Quizplus · Accepted Answer

Companies that manufacture goods and hold onto them before selling, as well as companies that buy goods to hold them temporarily for resale, have created inventories. Inventories are assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.

Companies That Manufacture Goods and Hold onto Them for a While