Posted by: Pdfprep
Post Date: February 18, 2021
Which statements best describe a profit center? Note: There are 2 correct answers to this question.
A . It is the only object from which segments can be uniformly derived.
B . It has to be used simultaneously with segments to create separate balance sheet and P&L statements.
C . It is the only object that can be uniformly derived using segments.
D . It is an element for which separate balance sheet and P&L statements can be created.
Answer: A,D
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