Question: Begin by determining the basic income statement equation. A. Contribution margin - Number of shows - Variable expenses = Operating income B. Contribution Margin -

Begin by determining the basic income statement equation. A. Contribution margin - Number of shows - Variable expenses = Operating income B. Contribution Margin - Variable expenses - Fixes expenses = Operating income C. Sales revenue - Variable expenses - Fixes expenses = Operating income D. Sales revenue - Contribution margin - Fixed expenses = Operating income

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