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A cost-volume-profit graph and a CVP income statement is frequently for internal use by management. Compare and contrast how to prepare each, the major points

A cost-volume-profit graph and a CVP income statement is frequently for internal use by management. Compare and contrast how to prepare each, the major points that could be made from each that would be of interest to management, and why either is more useful for management decision-making than the traditional income statement that is prepared for external users

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