Which of the following is/are not a period expense?
A)administrative expenditures
B)expenditures on advertising
C)rent on a warehouse for the current month
D)cost of goods sold
E)all of the above are period expenses

Question

Quizplus · Accepted Answer

Cost of goods sold is not a period expense because it is directly related to the cost of producing the goods sold and is treated as a cost of sales. A, B, and C are period expenses as they are incurred during a specific accounting period and recognized as expenses in the income statement.

Which of the Following Is/are Not a Period Expense