Select the incorrect statement concerning responsibility reports.
A) The reports should be stated in simple terms.
B) The reports should show clearly the budgeted and actual amounts of controllable revenues and expenses.
C) At the corporate level, responsibility reports generally include year-to-date contribution format income statements.
D) The reports become more specific for higher levels within the organization.

Question

Quizplus · Accepted Answer

Responsibility reports become more detailed and specific for lower levels within the organization, not higher levels. Higher levels tend to have more aggregated and summarized information.

Select the Incorrect Statement Concerning Responsibility Reports