Question

Merchandise inventory: Multiple Choice Is a current asset. Is a long-term asset. Must be sold within one month. Is classified with investments on the balance sheet. Includes supplies the company will use in future periods.

Answer 1

Answer: is a current asset

Step-by-step explanation:

Merchandise inventory is the product thqtbare owned by a company which the company wants to sell.

It should be noted that when preparing the balance, merchandise inventory sheet is reported as current asset.

Also, buying merchandise inventory is part of a business operating cycle.