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Which of the following statements is true of contributionmargin format of the incomestatement? A. It distinguishes between variable and fixed costs in its format. B.

Which of the following statements is true of contributionmargin format of the incomestatement?

A.

It distinguishes between variable and fixed costs in its format.

B.

It distinguishes manufacturing costs from nonmanufacturing costs.

C.

It is used for absorption costing.

D.

It calculates gross margin.

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