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Which of the following correctly describes the accounting for advertising costs? Advertising costs are product...

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Accounting

Which of the following correctly describes the accounting for advertising costs?

Advertising costs are product costs and are expensed when the manufactured product is sold.

Advertising costs are period costs and are expensed when the manufactured product is sold.

Advertising costs are product costs and are expensed as incurred.

Advertising costs are period costs and are expensed as incurred.

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