Answer:
D. period costs.
Explanation:
The period cost is the cost which is incurred during the passage of time. It includes the major part of the ling and administrative expenses of the income statement. This cost is not capitalized. It is to be allocated based on the expenses that are against the revenue.
Example - Depreciation on delivery trucks, advertising expense, etc
Answer:
it is b
Explanation:
because a net worth of a company will mot affect
Answer:
Option C) Decrease in Total Assets , and No Effect on Equity
Explanation:
Telephone bill it's a Current Liability , if you decide to pay it as soon as you receive it you have to use Cash which is part of your Current Asset, so the impact it's a decreased in your Current Assets through the Cash component.
This movement has no impact in the Sotckholder Equity.
