Current assets are resources that an organization anticipates will be changed into cash, sold or realized within a one-year ...

In this example, the inventory consists of those finished goods ... they are expensed as cost of sales - not before! As you can see, all business transactions affect the balance sheet, but not all ...

A business sells inventory by treating cost of goods as an expense ... A company's inventory is recorded on its balance sheet at its cost. When an inventory item is sold, its cost is removed from ...

Wheelwright, Steven C., and William Schmidt. "Scientific Glass Incorporated: Inventory Management, Spreadsheet Supplement (Brief Case)." Harvard Business School Spreadsheet Supplement 104-210, June ...