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8 years ago
Which of the following is true of the traditional format of the income statement?
A) It is not allowed under GAAP.
B) It shows contribution margin as a line item.
C) It is prepared under the absorption method.
D) It is prepared under the variable costing method.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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8 years ago
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kpatel45,  lflack46

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Deprecated Author
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#2
8 years ago
Will mark this subject solved, thanks
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#3
6 years ago
jc
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