nagerial Accounting (202 Which one of the following is true concerning a CVP income statement? Select one: O A Costs and expenses are classified only by function O B. Costs and expenses are classified as product or period. O C. It shows contribution margin instead of gross profit O D. It is prepared for both internal and external use. Managerial accounting information Select one: A. pertains to subunits of the entity and may be very detailed. B. must be prepared according to generally accepted accounting principles C. pertains to the entity as a whole and is highly aggregated. D. is prepared only once a year