________ is the cost of merchandise that has been acquired for sale to customers and is still on hand.
A) Depreciation
B) Fixed asset
C) Goodwill
D) Merchandise inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is the cost of merchandise that a company has acquired for sale to customers but is still on hand. This inventory is an asset on the company's balance sheet and is typically reported at its cost or the lower of cost or market value. Depreciation is the cost allocation process for long-term assets, fixed assets are tangible assets that a company owns and uses for operations, and goodwill is an intangible asset that represents the value of a company's brand and reputation.

________ Is the Cost of Merchandise That Has Been Acquired