Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was attended by the company's controller. Depreciation of factory maintenance equipment Insurance on a company showroom where customers can view new products. Salary of a clerk who handles customer billing.
Which of the following is NOT a period cost? Cost of a seminar concerning tax law updates that was attended by the company's controller. Depreciation of factory maintenance equipment Insurance on a company showroom where customers can view new products. Salary of a clerk who handles customer billing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cost is the amount of expenditure related to the item such as products, customers, activities, departments, and so on. Costs are bifurcated into two various categories including fixed costs, variable costs, mixed costs, period costs, product costs, and so on.
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