Which of the following would not be a period cost?
A. Sales salaries.
B. Legal costs.
C. Tamper-proof packaging.
D. Sales commissions.
E. Accounting costs.
Answer: C
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Changes in accounting estimates are accounted for in current and future periods.
Answer the following statement true (T) or false (F)
A capital expenditure is
a. an expenditure related to the repair, maintenance, and operation of a long-term asset. b. an expenditure for the purchase or expansion of a long-term asset. c. recorded in an expense account. d. recorded in a liability account.
______________ is feeling under rewarded or over rewarded in comparison with others.
a. Valence b. Feedback c. Perceived inequality d. Perceived inequity
Differences in frames of reference are especially significant when ________
A) working on improving one's listening skills B) communicating with people from different cultures C) overcoming physical barriers to communication D) dealing with conflicting emotions