TRUE OR FALSE???? ANSWERS ONLY!!

T/F In a special order decision by a service company, to accept or reject the offer will depend on its pricing method which should hide its desired profit in its materials and overhead costs.

T/F A revenue Center generates revenues with little regard for costs incurred in generating revenues.

T/F A Department Stores Annual Financial Statement is a way of presenting profit center report.

T/F A responsibility accounting performance report lists actual expenses and the budgeted costs that the manager is responsible for.

T/F When a bond matures, the final cash payment must include the principal and the accrued interest for the period.

Transfer pricing is a method of ensuring that division or autonomous units operate as profit centers.