Which Statement Relating to Inventory Is Not Correct

question 19

Multiple Choice

Which statement relating to inventory is not correct?

• A) Another name for inventory is stock-in-trade.
• B) It makes up a significant portion of a retailer's assets.
• C) It is a very active asset, continually being acquired, sold and replaced.
• D) It is classified as a non-current asset in the balance sheet.

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Definitions:

Latissimus Dorsi

A large, flat muscle on the back that helps control the movement of the shoulder.

Epicranius

A muscle of the scalp consisting of the frontalis and occipitalis muscles which are connected by the epicranial aponeurosis.

Moveable Bone

A moveable bone refers to any bone in the body that is capable of movement or articulation at a joint with another bone.

Fixator

A muscle that stabilizes the origin of another muscle to enable effective movement.