The profit center income statement should include ONLY revenues and expenses that are controlled by the manager.

Question

Quizplus · Accepted Answer

The profit center income statement should reflect only the revenues and expenses that are directly attributable to the manager's decisions and actions. It helps in assessing the profitability of the manager's unit and their management skills. Any revenues or expenses outside of their control should not be included in the statement.

The Profit Center Income Statement Should Include ONLY Revenues and Expenses