The following statement is not true with regard to direct and absorption costing: Select one: a. When the full production for a specific period has not been sold, the net income according to the absorption costing method will be less than the net income according to the direct costing method. b. GAAP prescribes that absorption costing must be used for external financial reporting. c. None of all d. The direct costing method shows the amount available to contribute towards fixed costs after variable costs have been covered by revenue. e. If all the units produced are sold, net income according to the direct costing method and the absorption costing method will be equal