Which of the Following Statements About Period Costs Is FALSE

question 113

Multiple Choice

Which of the following statements about period costs is FALSE?

• A) Period costs refer to distribution costs and design costs.
• B) Period costs include R&D expenses, marketing costs and customer service costs.
• C) Merchandising and manufacturing firms treat period costs differently.
• D) For merchandising firms, Cost of Goods Sold is not a period cost.

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Definitions:

D-Threonine

One enantiomer of the amino acid threonine, characterized by its specific spatial arrangement of atoms, which is important in biochemistry and molecular biology.

Enantiomer

Molecules that are mirror images of each other but cannot be superimposed onto each other, usually involving chiral centers.

Molecule

The tiniest unit of a chemical substance that maintains both the substance's composition and its chemical characteristics, and can exist on its own.

Enantiomers

Molecules that are mirror images of each other but cannot be superimposed, much like left and right hands.