Question & Answer: Which of the following statements is true about period costs?…..

Which of the following statements is true about period costs?

A. Operating expensses are not period costs

Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: Which of the following statements is true about period costs?…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
Order Essay

B. Period costs are expensed when the products associated with these costs are sold

C. Period costs are usually reacorded as assets

D. Most period cost are expensed in the period the costs are incurred

Expert Answer

 

Answer : D. Most period cost are expensed in the period the costs are incurred

Period costs are costs other than product costs.they cannot be assigned to cost of goods manufactured.Period costs are expensed in the period in which they are incurred.

Still stressed from student homework?
Get quality assistance from academic writers!