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Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] expenses are an example of period costs.
Answer
Administrative

Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] expenses are an example of period costs.
Answer
?

Tags
#cfa-level-1 #expense-recognition #reading-25-understanding-income-statement
Question
[...] expenses are an example of period costs.
Answer
Administrative
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4.1. General Principles
goods sold in the same period as revenues from the sale of the goods. Period costs , expenditures that less directly match revenues, are reflected in the period when a company makes the expenditure or incurs the liability to pay. <span>Administrative expenses are an example of period costs. Other expenditures that also less directly match revenues relate more directly to future expected benefits; in this case, the expenditures are allocated systematically with the passage

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