Mancini Outfitters Co. has a fleet of automobiles and trucks for use by salespersons and for delivery
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Mancini Outfitters Co. has a fleet of automobiles and trucks for use by salespersons and for delivery of office supplies and equipment. East Village Auto Sales Co. has automobiles and trucks for sale. Under what caption would the automobiles and trucks be reported on the balance sheet of (a) Mancini Outfitters Co., (b) East Village Auto Sales Co.?
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