Period costs are:
A) costs that are unlikely to represent future benefits.
B) costs that are recognised in the accounting period in which they are incurred.
C) costs for which the future benefits cannot be reliably measured.
D) all of the above are period costs.

Question

Quizplus · Accepted Answer

Period costs are expenses that are recognized in the period they are incurred, do not provide future benefits, and their future benefits cannot be reliably measured.

Period Costs Are