Which of the following is NOT true regarding an income statement organized according to the contribution margin

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Which of the following is NOT true regarding an income statement organized according to the contribution margin approach?

a. All fixed costs, including fixed MOH, are reported in the same section of the income statement.

b. The contribution margin income statement is organized by cost behavior.

c. Cost of goods sold is reported under revenues.

Related Book For answer-question

Human Biology

ISBN: 978-0073525488

13th edition

Authors: Sylvia S. Marder, Michael Windelspecht

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Posted Date: Apr 29, 2022 05:07 AM

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Which of the following is NOT true regarding an income statement organized according to the contribution margin

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Human Biology

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