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How does a contribution income statement differ from a conventional income statement? Multiple Choice There is no difference between the two. In the contribution income
How does a contribution income statement differ from a conventional income statement? Multiple Choice
There is no difference between the two.
In the contribution income statement, product costs are subtracted from sales to get gross margin.
In the contribution income statement, items are separated by product costs and nonproduct costs.
In the contribution income statement, variable costs are subtracted from sales to get total contribution margin.
In the contribution income statement, variable costs and fixed costs are one line-item.
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