Cost center: Cost center incurs the costs and does not generate the revenue directly. Investment Center: Investment center takes care of revenue, cost and investment. Profit Center: Profit center generate revenue and incur expenses. To Indicate: The difference between the profit center and investment center.

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Answer 1

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

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Answer 2

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 6

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 7

Chapter 14, Problem 2CDQ

To determine

Concept Introduction:

Cost center:

Cost center incurs the costs and does not generate the revenue directly.

Investment Center:

Investment center takes care of revenue, cost and investment.

Profit Center:

Profit center generate revenue and incur expenses.

To Indicate:

The difference between the profit center and investment center.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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Solution Summary: The author explains the difference between the profit center and investment center. The cost center incurs costs and does not generate revenue directly.

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