Which of the following should not be classified as inventory in the statement of financial position of a large automobile dealership?
A) Pickup trucks offered for sale.
B) Used cars taken in trade and offered for sale on the company's used-car lot.
C) Spark plugs, oil filters, and other parts which are intended for use by the service department in repairing and servicing customers' cars.
D) "Company cars" provided to specific company executives for their personal use.
Correct Answer:
Verified
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