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C_TS4FI_2020 · Question #38

Which statements best describe a profit center? Note: There are 2 correct answers to this question

The correct answer is B. It is an element for which separate balance sheet and P&L statements can be created D. It is the only object from which segments can be uniformly derived. See the full explanation below for the reasoning.

Question

Which statements best describe a profit center? Note: There are 2 correct answers to this question

Options

  • AIt is the only object that can be uniformly derived using segments
  • BIt is an element for which separate balance sheet and P&L statements can be created
  • CIt must be used simultaneously with segments to create separate balance sheet and P&L
  • DIt is the only object from which segments can be uniformly derived

How the community answered

(42 responses)
  • A
    12% (5)
  • B
    81% (34)
  • C
    7% (3)

Community Discussion

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Full C_TS4FI_2020 Practice