Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The difference between a profit center and an investment center is that: Multiple Choice An investment center is responsible for making investing decisions such as

image text in transcribed

The difference between a profit center and an investment center is that: Multiple Choice An investment center is responsible for making investing decisions such as building a new manufacturing plant. A profit center generates revenues but does not incur any costs. An investment center incurs no costs but does generate revenues. There is no difference; investment center and profit center are synonymous. An investment center incurs costs but does not directly generate revenues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions