Define Period Cost

question 182

Essay

Define period cost.Give three examples of period costs of a merchandising company.

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Definitions:

Lightning Strike

A discharge of electricity from a cloud to the ground, another cloud, or an object, occurring during a thunderstorm and resulting in a bright flash of light accompanied by thunder.

Locked Locker

A secured storage space, typically in schools, gyms, or public places, intended to keep personal belongings safe.

Strict Liability

A legal doctrine that holds an individual or entity responsible for their actions or products without the need to prove negligence or fault.

Standard Of Care

The degree of prudence and caution required of an individual who is under a duty of care.