Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.
Question: 9
In a business, raw materials, components, work in progress and finished goods are jointly regarded as
- capital stock
- inventory
- investment
- net worth
Show/Hide Explanation
Correct Answer: B
None
Sol. Inventory refers to raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business’s assets that are ready or will be ready for sale.