What are expired costs?
A)assets
B)expenses
C)revenues
D)profit

Name: What are expired costs? A)assets B)expenses C)revenues D)profit
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Expired costs refer to expenses that have already been incurred but are no longer able to provide any economic benefit to the company. These costs are recognized and recorded as expenses on the income statement in the period in which they were incurred.

What Are Expired Costs