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B 18) Merchandise inventory Can include supplies Is an expense Optionis a type of long-term investment 5 O i r neticamente is a current asset sa curense Merchandise inventory O 19) A periodic inventory system O Requires updating the inventory account every month O Does not require a physical count of inventory O Records the cost of new merchandise purchased in a permanent account Records the cost of new merchandise purchased in a temporary account All of the above 20) Sales returns Refer to merchandise that customers return to the seller after the sale O Represent trade discounts Refer to reductions in the selling price of merchandise sold to customers O Represent cash discounts O Are related to purchase discounts