Question: Which statement relating to inventory is not correct?a . It makes up a significant portion of a retailers assets.b . It is a very active

Which statement relating to inventory is not correct?a.It makes up a significant portion of a retailers assets.b.It is a very active asset, continually being acquired, sold, and replaced.c.Another name for inventory is stock-in-trade.d.It is classified as a non-current asset in the balance sheet.

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