Identify the type of responsibility center.

1. The 3M Company manufactures and distributes products under the Post-it, Scotch, Nexcare, and Thinsulate brand names.
2. The J. M. Smucker Company Store and Café is located in Orrville, Ohio. The store sells a variety of company products, while the café offers items made with ingredients from the Smucker's brands.
3. The Fairmont Chicago, The Fairmont Royal York in Toronto, and The Fairmont Orchid in Hawaii are all hotels owned by their parent corporation, Fairmont Hotels & Resorts.

A. Cost
B. Investment
C. Profit
D. Revenue

1. The 3M Company manufactures and distributes products under the Post-it, Scotch, Nexcare, and Thinsulate brand names.   B. Investment

2. The J.M. Smucker Company Store and Café is located in Orrville, Ohio. The store sells a variety of company products, while the café offers items made with ingredients from the Smucker's brands.     C. Profit

3. The Fairmont Chicago, The Fairmont Royal York in Toronto, and The Fairmont Orchid in Hawaii are all hotels owned by their parent corporation, Fairmont Hotels & Resorts.   A. Cost

Explanation:

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.