Which of the Following Would Most Likely Be a Period

question 55

Multiple Choice

Which of the following would most likely be a period cost?

• A) Depreciation on factory lunchroom furniture.
• B) Salary of telephone receptionist in the sales office.
• C) Salary of a security guard for the factory parking lot.
• D) Computer chips used by a computer manufacturer.

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Definitions:

Transferable Shares

Shares of a company's stock that can be sold or transferred by the shareholder to another party without restrictions.

Partners

Individuals or entities engaged in business together under a formal agreement to share profits and losses.

Co-own

To have joint ownership or share the possession of a property or item with one or more parties.

Voluntary Association

An organization created by individuals who voluntarily unite to pursue a common interest or goal without necessarily seeking profit.