Answered: A department that incurs costs but does…

A department that incurs costs but does not generate revenue is calleda(n) (a) profit center.(b) cost center.(c) investment center.(d) limited center.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A department that incurs costs but does not generate revenue is called
a(n)

(a) profit center.
(b) cost center.
(c) investment center.
(d) limited center.

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