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In income statements prepared under absorption costing and variable costing, where would you find the terms contribution margin and gross profit? Contribution margin Gross profit

In income statements prepared under absorption costing and variable costing, where would you find the terms contribution margin and gross profit?

Contribution margin Gross profit

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In absorption-costing income statement In variable-costing income statement

In absorption-costing income statement In both income statements

In variable-costing income statement In absorption-costing income statement

In both income statements In variable-costing income statement

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