Inventory is reported on the balance sheet as:

Name: Inventory is reported on the balance sheet as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory is reported as a current asset on the balance sheet because it is expected to be converted into cash or sold within a year. Non-current assets, such as property, plant and equipment, are expected to provide benefits for longer than one year. Inventory is not an investment, which refers to the purchase of assets with the intent of generating a return.

Inventory Is Reported on the Balance Sheet As