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Basic Question 4 of 24
Product costs are directly matched against revenues while period costs are not. True or False?
User Contributed Comments 2
| User | Comment |
|---|---|
| kalps | Product cost - directly matched against revenues Period costs - cannot be directly matched against revenues |
| teddajr | Period costs are expensed over the useful period. |
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Learning Outcome Statements
describe general principles of expense recognition, specific expense recognition applications, implications of expense recognition choices for financial analysis and contrast costs that are capitalized versus those that are expensed in the period in which they are incurred
CFA® 2024 Level I Curriculum, Volume 2, Module 2.