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Which of the following statements is FALSE regarding the CONTRIBUTION MARGIN INCOME STATEMENT? a. It...

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Accounting

Which of the following statements is FALSE regarding the CONTRIBUTION MARGIN INCOME STATEMENT?

a. It will include a subtotal called gross profit.

b. It is not allowed for external reporting purposes.

c. It is used by management to perform, cost-volume-profit analysis.

d. It will group costs into categories based on their behavior (fixed or variable).

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