A company should classify land held for a planned manufacturing facility as an intangible asset. an investment. a current asset. property, plant, and equipment. Which of the following activities is not a component of the operating cycle? Payment of employees' wages Sale of merchandise Purchase of merchandise Collection of cash from merchandise sales Which of the following does not represent a sale? Merchandise placed aside for a customer who plans to come in next week and pay withcash Purchase of merchandise by a customer who pays cash Sale of merchandise to a customer who uses a credit card Purchase of merchandise by a customer who uses a debit card Each of the following companies is a merchandising business except a candy store. car wash. wholesale parts company. furniture store. Which of the following companies would be most likely to use a computerized perpetual inventorysystem? Fur dealer Car dealership Auto parts store Boat dealership Which of the following should not be included in the count ofending merchandise inventory? Damaged goods to be sold at a reduced price Goods in transit to which a company has title