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On the balance sheet of a retailer, the Merchandise Inventory account OA is a liability OB. represents the value of inventory that has been sold

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On the balance sheet of a retailer, the Merchandise Inventory account OA is a liability OB. represents the value of inventory that has been sold during the period OC.is included in the current assets section OD. is not included because it is an income statement account On the balance sheet of a retailer, the Merchandise Inventory account OA is a liability OB. represents the value of inventory that has been sold during the period OC.is included in the current assets section OD. is not included because it is an income statement account

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