The value of inventory is???

Question

a. a liability
b part of the balance sheet
c part of the expenses
d an asset

Answer 1

The value of inventory is an asset, as long as it remains in inventory. It is a current asset in the balance sheet. As soon as the inventory is sold, the value of that sold inventory becomes cost of goods sold, which is part of costs.

Answer 2

Inventory is an ASSET.. and it shows up on the balance sheet..as an ASSET..

It is not an expense, or a liability..