Question 5 A difference between a Cost Center and a Profit Center is that a: O a) Cost Center is responsible for revenues and expenses. Ob) Cost Center and a Profit Center are both only responsible for the same expenses. Oc) Cost Center is not responsible for expenses. d) Cost Center is not responsible for revenues.
Question 5 A difference between a Cost Center and a Profit Center is that a: O a) Cost Center is responsible for revenues and expenses. Ob) Cost Center and a Profit Center are both only responsible for the same expenses. Oc) Cost Center is not responsible for expenses. d) Cost Center is not responsible for revenues.
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter25: Departmental Accounting
Section: Chapter Questions
Problem 1MC
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![Question 5
A difference between a Cost Center and a Profit Center is that a:
O a) Cost Center is responsible for revenues and expenses.
Ob) Cost Center and a Profit Center are both only responsible for the same
expenses.
Oc) Cost Center is not responsible for expenses.
d) Cost Center is not responsible for revenues.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff835685d-52c4-47c1-82ee-180509f73d49%2F8dc6bf4e-dec9-4171-a2c9-661f791063fa%2Fdv6kx68_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 5
A difference between a Cost Center and a Profit Center is that a:
O a) Cost Center is responsible for revenues and expenses.
Ob) Cost Center and a Profit Center are both only responsible for the same
expenses.
Oc) Cost Center is not responsible for expenses.
d) Cost Center is not responsible for revenues.
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