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2 years ago

Inventories held for sale in the normal course of business are classified in the balance sheet as?

1 answer:

4 0

Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

<h3>What is meant by current liability?</h3>

This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.

Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

Read more on Current liabilities here: brainly.com/question/28039459

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Which of the following is correct?

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The greater the degree of product variation, the greater is the excess capacity problem.

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3 years ago

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