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has been shipped to the retailers: It is expected delivery will occur in 2025 ,...

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Accounting

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has been shipped to the retailers: It is expected delivery will occur in 2025 , but Samazon could deliver it right away if the retailers ask for it. Mohammed is preparing his financial statements and is wondering if he should record $3M of inventory as a current asset. Which of the following is correct. Mohammed should not record the inventory as a current asset in his financial statements because it will take more than a year to deliver the inventory. Mohammed should not record the inventory as a current asset in his financial statements because he does not control the inventory. Mohammed should record the inventory as a current asset in his financial statements because the inventory could be shipped right away

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