Answer:
Step-by-step explanation:
Hickory Furniture Company paid for the following costs during the month of May:
Inventory purchases $ 40,000
Advertising costs 8,000
Delivery costs 2,000
Hickory sold $32,000 of the inventory and has agreed to pay warranty expenses for its customers. These are expected to be $1,600 and occur evenly over the next four months (i.e., starting in June).
What type of cost is the advertising expense?