Period Costs Include

question 85

Multiple Choice

Period costs include

• A) current assets on the balance sheet
• B) current liabilities on the balance sheet
• C) operating costs that are shown on the income statement when products are sold
• D) operating costs that are shown on the income statement in the period in which they are incurred

---

Definitions:

Securities

Financial instruments that represent ownership positions in corporations, creditor relationships with corporations or governmental bodies, or rights to ownership as represented by an option.

Capital Structure

Refers to the way a company finances its assets through a combination of debt, equity, and other securities.

Debt

An amount of money borrowed by one party from another, often used by businesses and governments to finance operations and projects.

Equity

The worth of a stake in property ownership, such as the equity held by shareholders in a company.