Responsibility accounting reports for profit centers will include
A)costs.
B)revenues.
C)expenses and fixed assets.
D)revenues,expenses,and net income or loss from operations.

Question

Quizplus · Accepted Answer

Responsibility accounting reports for profit centers typically focus on the financial performance of the center, including revenues, expenses, and ultimately net income or loss from operations. While costs and fixed assets may also be important considerations, they are not necessarily included in a standard profit center report.

Responsibility Accounting Reports for Profit Centers Will Include