In which of the following sections of a balance sheet are Inventories listed?
A) Current assets
B) Property, plant and equipment, at cost
C) Current liabilities
D) Shareholders' Equity

Question

Quizplus · Accepted Answer

Inventories are considered a part of current assets on a balance sheet because they are assets that a company expects to convert into cash within one year or one operating cycle, whichever is longer.

In Which of the Following Sections of a Balance Sheet