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Hampton Co. took a physical count of its inventory on December 31. In addition, it had to decide whether or not the following items should be added to this count.
Indicate which items should be added to (answer: yes) and which items should not be added to (answer: no) the December 31 inventory count.
Insurance Products
Financial products provided by insurance companies designed to protect against risk, such as life, health, and property insurance.
Gym Memberships
Contracts or subscriptions that grant individuals access to fitness facilities and equipment, often including additional services and classes.
Sales Engineers
Professionals who combine technical knowledge with sales skills to provide advice and support on a range of products, particularly technical or industrial equipment.
Service Salespeople
Professionals who specialize in selling intangible products or services rather than physical goods.
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