Which of the following is not used as a basis for allocating among interim accounting periods an enterprise's costs and expenses other than product costs?

Question

Quizplus · Accepted Answer

Cost of goods sold is not used as a basis for allocating among interim accounting periods an enterprise's costs and expenses other than product costs. It is directly associated with the products sold and is recognized at the point of sale, rather than allocated across periods based on time, benefit received, or activity associated with the period.

Which of the Following Is Not Used as a Basis