Question: Why is inventory reported as a current asset? a Inventory is not a current asset? it is a noncurrent assetbecause inventory is often sold on

Why is inventory reported as a current asset?

a Inventory is not a current asset? it is a noncurrent assetbecause inventory is often sold on account and not for cash.

b Inventory is reported as a current asset because it will beconverted into cash within a year of the balance sheet date.

c Inventory is not reported as a current asset.

d Inventory is reported as a current asset because it has beensold.

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