Which of the Following Is an Example of a Period

question 167

Multiple Choice

Which of the following is an example of a period cost?

• A) research and development
• B) selling and marketing
• C) general accounting
• D) all of these

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Definitions:

Collateral

An asset or property that a borrower offers to a lender as security for a loan, which the lender can seize if the borrower fails to make required payments.

Installment Loan

A loan that is repaid over time with a set number of scheduled payments.

Stated Annual Rate

The interest rate of a financial product, such as a loan or savings account, as advertised before the effects of compounding and fees.

Cost

The value or price paid to acquire, produce, or maintain a good or service.