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10. Inventory is considered a current asset because it: a) Often reflects the most current trends and styles. b) Usually was purchased during the current

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10. Inventory is considered a current asset because it: a) Often reflects the most current trends and styles. b) Usually was purchased during the current year. c) Will be converted into cash in the course of the company's operating cycle. d) Can be returned to the supplier for a cash refund

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