Which of the following properly describes the accounting for corporate headquarters’ property taxes? · The property taxes are period costs and are expended as incurred. · The property taxes are period costs and are expended when the manufactured product is sold. · The property taxes are product costs and are expended as incurred. · The property taxes are product costs and are expended when the manufactured product is sold.

Which of the following properly describes the accounting for corporate headquarters’ property taxes?

·        The property taxes are period costs and are expended as incurred.

·        The property taxes are period costs and are expended when the manufactured product is sold.

·        The property taxes are product costs and are expended as incurred.

·        The property taxes are product costs and are expended when the manufactured product is sold.

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