_____ consists of the stocks of goods, materials, parts, and workinprocess that firms hold as part of doing business.
A) Capital
B) Account receivable
C) Account payable
D) Inventory

Question

_____ consists of the stocks of goods, materials, parts, and work­in­process that firms hold as part of doing business.
A) Capital
B) Account receivable
C) Account payable
D) Inventory

Quizplus · Accepted Answer

The stocks of goods, materials, parts, and work-in-process are collectively referred to as inventory. This inventory is held by firms as part of their regular business operations.

_____ Consists of the Stocks of Goods, Materials, Parts, and Work­in­process

_____ Consists of the Stocks of Goods, Materials, Parts, and Workinprocess