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Which of the following is not a management assertion about inventory related to presentation and disclosure? Select one: a. Major inventory categories and their valuation

Which of the following is not a management assertion about inventory related to "presentation and disclosure?"

Select one:

a. Major inventory categories and their valuation basis are adequately disclosed in the notes.

b. Inventory is properly stated at cost.

c. Pledge or assignment of inventory as collateral is appropriately shown in notes.

d. Inventory is properly classified as a current asset.

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