On a Balance Sheet for a Merchandiser,Merchandise Inventory Is Listed

question 25

Multiple Choice

On a balance sheet for a merchandiser,Merchandise Inventory is listed as a(n) ________.

• A) current asset
• B) current liability
• C) expense
• D) revenue

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Definitions:

Anus

The opening at the end of the digestive tract through which feces leave the body.

Tuning Fork

A metal instrument that produces a fixed tone when struck, used in hearing tests and in tuning musical instruments.

Hearing

The sensory function that enables the perception of sound, facilitated by the ears.

Sphygmomanometer

An instrument for measuring blood pressure; consists of an inflatable cuff, a pressure bulb used to inflate the cuff, and a device to read the pressure.