Which of the Following Statements Relating to Period Costs Is

question 63

Multiple Choice

Which of the following statements relating to period costs is not correct?

• A)Period costs are all costs that are not product costs.
• B)Period costs always appear below the line for gross margin.
• C)Period costs are not separated from product costs in GAAP income statements.
• D)Both A and B are incorrect.
• E)A, B, and C are incorrect.

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