Question: Inventory is often reported as a miscellaneous expense on the income statement. reported as a current asset on the balance sheet. reported under the classification

Inventory is
often reported as a miscellaneous expense on the income statement.
reported as a current asset on the balance sheet.
reported under the classification of Property. Plant, and Equipenent on the balance shect.
generally valued at the price for which the goods can be sold.
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Inventory is often reported as a miscellaneous

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