Period costs are the ________
A) product costs that must be paid in the accounting period in which they are incurred
B) costs that are incurred and expensed during the same accounting period
C) costs related to production of products the company purchases and sells
D) same as manufacturing overhead costs
B
Business
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A. indicates that the business is in financial difficulty B. is generally the major revenue item on its income statement C. is an indication that the business is owned by a factor D. can be a quick way to generate cash for operating needs
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Government action can influence how Porter's five forces operate in industries
Indicate whether the statement is true or false
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