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Which of the following statements about period costs is true? A. Period cost are not included in inventories on the Balance Sheet. B. period cost

Which of the following statements about period costs is true?

A. Period cost are not included in inventories on the Balance Sheet.

B. period cost are inluded in cost of goods sold on the income statement.

C. period costs are not subtracted as expenses on the income statement during current period.

D. Period costs are not included in the Statement of Cost of Goods Manufactured

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