Nickles Consulting Services is a nonprofit organization that provides free legal assistance to clients who meet certain
Question:
Nickles Consulting Services is a nonprofit organization that provides free legal assistance to clients who meet certain income criteria. The company's funding is obtained by means of fund-raising activities conducted by the board of directors. The directors are not compensated for their time, but Nickles does reimburse them for any out-of-pocket expenses that they incur in conducting company activities. Would the board of directors be classified as a cost cen ter? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting Information For Decisions
ISBN: 9780324222432
4th Edition
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
Question Posted: