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Why do companies use the contribution margin income statement format? Group of answer choices To comply with generally accepted accounting principles (GAAP). For external reporting
Why do companies use the contribution margin income statement format?
Group of answer choices
To comply with generally accepted accounting principles (GAAP).
For external reporting purposes.
To present cost of goods sold to external users.
To predict how costs will behave with changes in activity.
None of the answer choices is correct.
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