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

Question

Quizplus · Accepted Answer

Responsibility accounting reports for profit centers will include both revenues and expenses, and will provide information on the net income or loss from operations. Costs and fixed assets may also be included in these reports, but they are not essential components. Thus, the best answer is D - revenues, expenses, net income or loss from operations.

Responsibility Accounting Reports for Profit Centers Will Include