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2. an item must possess two characteristics to be classified as inventory. what are these two characteristics?

2. an item must possess two characteristics to be classified as inventory. what are these two characteristics?
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2. an item must possess two characteristics to be classified as inventory. what are these two characteristics?

asked
User Thorstenvv
by
7.1k points

1 Answer

4 votes
ANSWER:
1) they are owned by the company

2) they are in a form ready for sale in the ordinary course of business
answered
User Alexander Krol
by
7.8k points
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