question 2 of 30: inventory is considered a.\n\nfixed asset\ncurrent asset\nliability\nequity
question 2 of 30: inventory is considered a.\n\nfixed asset\ncurrent asset\nliability\nequity
Answer
Brief Explanations:
In accounting, inventory is a current asset. Current assets are resources that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of the business, whichever is longer. Inventory meets this criterion as it is held for sale in the ordinary course of business and is expected to be sold within a relatively short period.
Answer:
B. Current asset