Which of the following is FALSE about the contribution format income statement? Group of answer choices A.
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Question:
Which of the following is FALSE about the contribution format income statement?
Group of answer choices
A. It organizes expense items based on a company's functions, such as production, marketing and administration.
B. It is also called “cost behavior-based” income statement.
C. It is useful for a manager’s internal decision-making, such as the CVP analysis.
D. It is not an acceptable format for the company’s external financial reporting purpose.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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