The data processing department of a tax firm would be a profit center.
Correct Answer:
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Q24: All of the following are used to
Q25: To calculate departmental gross profit, separate accounts
Q26: In departmental accounting, it is necessary to
Q27: A human resource department would be a
Q28: A department income statement showing gross profit
Q30: A cost center only generates revenues.
Q31: All of the following are used to
Q32: Most companies that prepare departmental income statements
Q33: The PPC department of Ajax shows gross
Q34: To calculate gross profit, subtract sales expense
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