Reporting Code 59300 Is Acceptable When Reporting 59400

question 60

True/False

Reporting code 59300 is acceptable when reporting 59400.

---

Definitions:

Categorize Items

The process of organizing goods or services into groups or categories based on their characteristics or functions.

Inventory Items

Goods and materials that a business holds for the ultimate goal of resale or production.

Non-inventory Items

Items that a business sells but does not maintain in physical inventory, often including services and digital goods.

Services

Intangible products offered by businesses, such as consulting, repairs, or entertainment.