merchandise inventory: multiple choice is a current asset. includes supplies the company will use in future…

merchandise inventory: multiple choice is a current asset. includes supplies the company will use in future periods. is classified with investments on the balance sheet. is a long - term asset. must be sold within one month.

merchandise inventory: multiple choice is a current asset. includes supplies the company will use in future periods. is classified with investments on the balance sheet. is a long - term asset. must be sold within one month.

Answer

Brief Explanations:

Merchandise inventory is goods held for sale in the normal course of business. It is expected to be converted into cash within one year or the operating cycle, so it is a current asset. Supplies used in future periods are a different type of asset (pre - paid expenses). It is not classified with investments and is not a long - term asset. There is no requirement for it to be sold within one month.

Answer:

Is a current asset