Question: Why is inventory reported as a current asset? Multiple choice question. Inventory is not reported as a current asset. Inventory is a non - current

Why is inventory reported as a current asset?
Multiple choice question.
Inventory is not reported as a current asset.
Inventory is a non-current asset and is not available to meet current obligations.
Inventory is reported as a current asset because it will be converted into cash within a year of the balance sheet date.
Inventory is reported as a current asset because it has been sold.

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