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Question 28 3 pts Which of the following is FALSE about the contribution format income statement? It organizes expense items based on a company's functions,

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Question 28 3 pts Which of the following is FALSE about the contribution format income statement? It organizes expense items based on a company's functions, such as production, marketing and administration. It is useful for a manager's internal decision-making, such as the CVP analysis. It is also called "cost behavior-based income statement. It is not an acceptable format for the company's external financial reporting purpose

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