Which of the following statements isfalseregarding the reason that inventory costs are recorded as expenses when sold rather than when incurred?

a.It helps the company achieve a better matching of expenses with related revenues.

b.It gives the company's accounting personnel more time to record inventory transactions.

c.It gives the user's of the company's financial statements a clearer picture of profitability.

d.Inventory is an asset at the time it is acquired.