Which of the Following Would Not Be a Period Cost

question 89

Multiple Choice

Which of the following would not be a period cost?

• A) research and development
• B) direct materials
• C) advertising costs
• D) office supplies

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Definitions:

Financial Statements

A set of formal records that quantitatively describe the financial activities and position of a business, person, or other entity.

Affiliated Organizations

Entities that are directly or indirectly controlled by, or under common control with, another entity.

Fundraising Purposes

The aim of gathering financial support, typically for non-profit organizations, through various methods like donations, grants, or special events.

Profit-Seeking Enterprise

A business or organization that operates with the intention of making a profit, as opposed to a non-profit organization.