Which one of the following is the format of a CVP income statement? (a) Sales - Variable
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Which one of the following is the format of a CVP income statement?
(a) Sales - Variable costs = Fixed costs + Net income.
(b) Sales - Fixed costs - Variable costs - Operating expenses = Net income.
(c) Sales - Cost of goods sold - Operating expenses = Net income.
(d) Sales - Variable costs - Fixed costs = Net income.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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