Merchandise Inventory is classified into the financial statements of a company as a current asset.
What is a current asset?
The kind of asset whose benefits are fully utilized by the company within a year and do not last for more than a year in the company's financial statements are known as current assets.
Hence, option B states about current assets.
Learn more about current assets here:
https://brainly.com/question/14287268
#SPJ1
