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 for a manufacturing company?

• A) advertising expense
• B) depreciation on factory equipment
• C) indirect materials
• D) property taxes for the factory

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Definitions:

Adjusted Cost

Adjusted cost refers to the modified cost of an investment, taking into account factors such as amortization, depreciation, or adjustments made for tax purposes.

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Disposal

The act or process of getting rid of something, especially by throwing away or recycling.

Cash Flow

The net amount of cash being transferred into and out of a business, affecting its liquidity.