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For internal decisionminusmaking purposes, many companies use the income statement using the ________ approach. For external reporting, most companies use the income statement using the

For internal

decisionminusmaking

purposes, many companies use the income statement using the ________ approach. For external reporting, most companies use the income statement using the ________ approach.

A.

absorption; absorption

B.

contribution; absorption

C.

absorption; contribution

D.

full costing; variable costing

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