Which of the following descriptions would not be found on an income statement prepared using absorption costing?
A)Sales.
B)Contribution Margin.
C)Cost of Goods Sold.
D)Net income.
E)All of these options are on the income statement prepared using absorption costing.

Question

Quizplus · Accepted Answer

Contribution margin is a term used in variable costing, not absorption costing. All of the other options listed are found on an income statement prepared using absorption costing.

Which of the Following Descriptions Would Not Be Found on an Income