An item must possess two characteristics to be classified as inventory. What are these two characteristics?

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 22, 2011 11:02 AM

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An item must possess two characteristics to be classified as inventory. What are these two characteristics?

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Inventory items have two common c...View the full answer

Financial Accounting Tools for business decision making

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