Period costs include

A) current assets on the balance sheet
B) current liabilities on the balance sheet
C) operating costs that are shown on the income statement when products are sold
D) operating costs that are shown on the income statement in the period in which they are incurred

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative costs.

Operating Costs

Expenses related to the operation of a business, excluding costs associated with producing goods directly.

Income Statement

A report detailing a business's earnings, expenditures, and profit during a certain timeframe.