Each of the Following Would Be a Period Cost Except

question 53

Multiple Choice

Each of the following would be a period cost except:

• A)the salary of the company president's secretary.
• B)sales commissions.
• C)the cost of a general accounting office.
• D)depreciation of a machine used in manufacturing.

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Definitions:

CPA Licenses

Certifications granted to accounting professionals who meet the education, experience, and examination requirements of their jurisdiction, allowing them to practice as Certified Public Accountants.

Insuring Assets

The act of obtaining insurance coverage to protect company assets from losses due to risks like fire, theft, or damage.

Technologically Advanced

Referring to the use or development of new and innovative technologies in processes, products, or services.

Monitoring Errors

The process of detecting and recording mistakes, particularly in the context of accounting or data management.