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  3. which of the following statements does not describ

Which of the following statements does NOT describe a period cost? Multiple Choice...

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Question

Accounting

Which of the following statements does NOT describe a period cost?

Multiple Choice

  • Period costs include all costs involved in acquiring or making a product

  • Period costs are expensed on the income statement in the period in which they are incurred

  • Period costs are all the costs that are not product costs

  • Sales commissions, advertising and executive salaries are examples of period costs in absorption costing.

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