Which Types of Inventories Does a Manufacturing Business Report on the Balance

question 149

Multiple Choice

Which types of inventories does a manufacturing business report on the balance sheet?

• A) finished goods inventory and work in process inventory only
• B) direct materials inventory and work in process inventory only
• C) direct materials inventory, work in process inventory, and finished goods inventory
• D) direct materials inventory and finished goods inventory only

---

Definitions:

Time-lagged

Referring to studies or analyses that consider the delay between the occurrence of one event and the observation of its effects.

Cross-sectional

In research, it describes a study that observes a diverse population at a single point in time to identify potential correlations or trends.

Longitudinal

Describing research or studies that collect data from the same subjects repeatedly over a period of time.

Personality

The combination of characteristics or qualities that form an individual's distinct character.