The true statement about inventory is that the company exchanges into cash in the upcoming future years.
Option D is the correct answer.
An inventory is the goods lying at the end of the accounting year which is reported as closing stock on the balance sheet.
Inventory is one of the short-term assets of the company as it converts it into cash within a year or less. It is reported in the balance sheet of the company at the closing of an accounting year. It is recognized under the current asset sub-head with the primary head as assets.
Therefore, the explanation given in Option D is best represented by the inventory.
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