Question

Merchandise inventory can be described as: (Check all that apply.) Multiple select question. an asset account. an expense account. an account increased with a debit. an account appearing on a balance sheet of a merchandiser. products that a company owns and intends to sell. an account appearing on a balance sheet of a service compan

Answer 1

Answer: • an asset account.

• an account increased with a debit.

• an account appearing on a balance sheet of a merchandiser

• products that a company owns and intends to sell.

Explanation:

Merchandise inventory refers to the account on the balance sheet which shows the total amount that's paid for products which are yet to be sold by the manufacturer. It can also be described as an:

• an asset account.

• an account increased with a debit.

• an account appearing on a balance sheet of a merchandiser

• products that a company owns and intends to sell