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  3. which of the following is an importatn difference

Which of the following is an importatn difference between a gross margin income statement and...

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Accounting

Which of the following is an importatn difference between a gross margin income statement and a contribution margin income statement?
a. the contribution margin income statement shows various categories of fixed and variable costs while a gross margin income statement does not
b. the gross margin income statement shows details fo fixed and variable costs whicle a contribution margin income statement does not
c. the contribution margin shows direct production cots, while a gross margin income statment does not
d. a contribution margin income statement is more likely to be presented in a set of company's external financial statements than a gross margin income statement

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