Inventory represents a cost while it is waiting to be sold
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Inventory represents a cost while it's sitting there waiting to be sold. It has the potential to be converted to cash but must be sold first.
Business
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A) vacation requests B) performance declines C) extra training D) management commendation E) contract negotiations
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Which of the following indicates a cash receipt?
A. A decrease in accrued expenses, such as wages payable. B. A decrease in accounts receivable. C. An increase in inventory. D. A decrease in accounts payable.
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