General Motors finished goods inventory is composed primarily of automobiles. Are automobiles always classified as inventory on

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General Motors’ finished goods inventory is composed primarily of automobiles. Are automobiles always classified as “inventory” on the balance sheets of all companies? Explain.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:18 AM

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General Motors finished goods inventory is composed primarily of automobiles. Are automobiles always classified as inventory on

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Intermediate Accounting

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