Which of the following statements is used to measure the performance of a profit center's manager?
a.A divisional statement of cash flows
b.A divisional income statement
c.A divisional bank reconciliation statement
d.A divisional balance sheet
The answer is option b - Income statement
A divisional income statement is used to measure the performance of any profit center's.
Statement of cash flows, bank reconciliation statement and balance sheet do not depict the performance of a profit center. But income statement depicts incomes and expenses which represents the performance of a profit center.
Hence, option b is correct.
Which of the following statements is used to measure the performance of a profit center's manager?...
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