Which of the following are period costs?
A) Current assets on the balance sheet
B) Costs incurred and expensed during the accounting period
C) Costs related to the manufacture of products
D) Current liabilities on the balance sheet

Question

Quizplus · Accepted Answer

Period costs are costs that are expensed during the accounting period, such as salaries, rent, and advertising expenses. Current assets and liabilities on the balance sheet relate to the company's financial position, while costs related to the manufacture of products are considered product costs.

Which of the Following Are Period Costs