For purposes of Sec. 751, inventory includes all of the following except
A)capital assets or 1231 property.
B)items held for sale in the ordinary course of business.
C)accounts receivable.
D)All of the above are inventory per Sec. 751.

Question

Quizplus · Accepted Answer

Inventory does not include capital assets or 1231 property. It includes items held for sale in the ordinary course of business and accounts receivable.

For Purposes of Sec