Which one of the following would not be found as an asset on the balance sheet of a manufacturer?
A) finished goods
B) work in process
C) merchandise inventory
D) raw materials

Question

Quizplus · Accepted Answer

Merchandise inventory is typically found on the balance sheet of a retailer, not a manufacturer. Manufacturers would have raw materials, work in process, and finished goods as assets.

Which One of the Following Would Not Be Found as an Asset