Question: Select Question Select all that apply Merchandise inventory can be described as: (Check all that apply.) Multiple select question. 1. products that a company owns

Select Question Select all that apply Merchandise inventory can be described as: (Check all that apply.) Multiple select question.

1. products that a company owns and intends to sell.

2. an account increased with a debit.

3. an asset account.

4. an account appearing on a balance sheet of a service company.

5. an account appearing on a balance sheet of a merchandiser.

6. an expense account.

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