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10. Which of the following is NOT true regarding an income statement organized according to the contribution margin approach? A. The contribution margin income statement
10. Which of the following is NOT true regarding an income statement organized according to the contribution margin approach? A. The contribution margin income statement is organized by cost behavior. B. Operating income will always be the same as operating income in a traditional income statement regardless of changes in inventory levels. C All fixed costs, including xed MOH, are expensed below the contribution margin line. D. The contribution margin is equal to sales revenue minus variable expenses
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