ACC 304 Endless Education /uophelp.com ACC 304 Endless Education /uophelp.com | Page 34

b. Inventory.
c. Equipment.
d. Not on the balance sheet.
23. Which of the following accounts is not reported in inventory?
a. Raw materials.
b. Equipment.
c. Finished goods.
d. Supplies.
24. Why are inventories included in the computation of net income?