Which of the following is an important difference between a gross margin income statement and a

contribution margin income statement?

A contribution margin income statement is more likely to be presented in a set of a

company's external financial statements than a gross margin income statement.

The contribution margin shows direct production costs, while a gross margin income

statement does not.

The gross margin income statement shows details of fixed and variable costs, while a

contribution margin income statement does not.

The contribution margin income statement shows various categories of fixed and variable

costs, while a gross margin income statement does not.