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.
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Answer:
China chooses a level of tariffs to apply to American imports.
normal. This was fill in the blanks right? Next time you ask a fill in the blank question you should use underscores where the missing word is.
Explanation:
the study or principles of the way money, business and industry are organized
