A Which of the following is true of the traditional format of the income statement? O It is prepared under the variable costing method. O It shows contribution margin as a line item. O It is not allowed under GAAP. O It is prepared under the absorption costing method.

Which of the following is true of the traditional format of the income statement? It is prepared under the variable costing method. It shows contribution margin as a line item. It is not allowed under GAAP. It is prepared under the absorption costing method