The accountant for X Co is preparing the income statement and the statement of financial position at the end of the year. The opening balance of the inventory will appear n Select one: a. as a deduction in the cost of goods sold section of the income statement and as a current asset on the statement of financial position. b. only in the cost of goods sold section of the income statement c. only as an asset on the statement of financial position d. as an addition in the cost of goods sold section of the income statement and as a current asset on the statement of financial position