Which of the Following Statements Concerning Product Costs Versus General,selling,and

Multiple Choice

Which of the following statements concerning product costs versus general,selling,and administrative costs is false?

A) Product costs incurred during the period will initially appear as inventory on the balance sheet.
B) General, selling, and administrative costs are always expensed when paid.
C) Product costs may be divided between the balance sheet and income statement.
D) General, selling, and administrative costs never appear as inventory on the balance sheet.