A product held for sale by a retailer is known as a(n): a

Marketing Dec 20, 2020

A product held for sale by a retailer is known as a(n):

a. common cost

b. indirect cost

c. liability

d. asset

Expert Solution

The answer is d. asset The product that is held for sale by a retailer will form part of the inventory to be reported in the balance sheet as a part of asset. Once the product had been sold, it will be reported in the income statement as part of cost of goods sold.

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