Assertion: inventory | /r/HasProperty | current asset
Facets:
value: by the company’s accounting team
type: OTHER
value: on the balance sheet
type: LOCATION
Source sentences:
text: Inventory is a current asset on the balance sheet.
text: Inventory, on the other hand, is a part of current assets, like goods and materials, that is held by the business for the purpose of resale.
text: Inventory is considered a “current asset” by the company’s accounting team, which means that the company plans to sell the asset in the short term.
text: Inventories are considered current assets in that they usually are sold within a year or within a company's operating cycle.
text: Although, inventory is also a current asset, yet, it is not included in calculation of quick ratio and cash ratio despite the fact that it is a vital element of the business that is used to generate revenue.