Merchandise inventory is O Products a company owns for resale to customers O Reported on the income statement as an expense Reported on the balance sheet under plant and equipment O None of these Included on a service company's balance sheet

Accounting Aug 06, 2020

Expert Solution

Merchandise inventory does not include by service Company's balance sheet..

Merchandise inventory is not expense for the company It is the item which is for resale.

So answer is a) products a company owns for resale to customers

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