social final doex 72 1 Connect Help Save Final Exam 6 Merch

?????? social final doex 7????2???? 1 Connect Help Save Final Exam 6 Merchandise inventory refers to products that a company owns and intends to sell to customers. True or False points True False 1 of 44 Next > TOSHIBA

Solution

Merchandise inventories are assets held for resale. These are also called inventories and classifiable as short-term assets. These assets are purchased with an intention to sell at higher value.

Hence, given statement is True.