Question: The denominator level variation: A. reflected in the equity section of the balance sheet as an adjustment to retained earnings b. it is subtracted from

The denominator level variation:

A. reflected in the equity section of the balance sheet as an adjustment to retained earnings

b. it is subtracted from the cost of what is sold if it is non-deductible

c. it is added to the cost of what is sold if it is unfavorable

d. it is added to the cost of what is sold if it is favorable

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