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Yes, it is a stock of the company so it is shown as asset in the balance sheet.
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∙ 13y ago
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Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Where is inventory on a balance sheet?
Inventory is normally used within one fiscal year that is why it is current asset of business and shown in asset side of balance sheet.
Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory normally presented on a balance sheet?
it is an asset
Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Where is inventory on a balance sheet?
Inventory is normally used within one fiscal year that is why it is current asset of business and shown in asset side of balance sheet.
Where is inventory is reported in financial statement?
Value of Inventory is an asset on the balance sheet.
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory normally presented on a balance sheet?
it is an asset
How is merchandise inventory classified on the balance sheet?
As a current asset
What type of account is Merchandise Inventory?
Merchandise Inventory is an asset account that shows up on the balance sheet.
Merchandise inventory is reported as a long-term asset on the balance sheet?
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What part of the elements of financial statements does inventory bleong to?
Inventory is part of Balance sheet as well as income statement. Inventory is shown as an asset in balance sheet and as an expense when used in income statement.
Is merchandise inventory is a long-term asset on the balance sheet true or false?
False
Is it truth Merchandise inventory is classified as a current asset in a classified balance sheet?
Yes merchandise inventor is usable within one fiscal year that's why it is current asset and shown as a current asset in balance sheet.
Is Beginning inventory in balance sheet?
Beginning inventory is a closing inventory for last period and that's why shown as a current assets in the assets side of balance sheet. If business has started first year of activities even than beginning inventory is an asset of company and shown under current assets of balance sheet.
