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Posted on Jul 30, 2024

Gross profit on a pro-forma income statement is calculated as budgeted sales revenue minus contribution margin. budgeted sales revenue minus budgeted cost of goods sold.

Gross profit on a pro-forma income statement is calculated as

budgeted sales revenue minus contribution margin.

budgeted sales revenue minus budgeted cost of goods sold.

budgeted sales revenue minus product cost and period cost.

none of these answer choices are correct.

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