The traditional income statement is considered by most companies to be a better management tool than the contribution margin income statement.

Name: The traditional income statement is considered by most companies to be a better management tool than the contribution margin income statement.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

This statement is false. Many companies actually prefer the contribution margin income statement as it provides more useful information for decision-making and cost management.

The Traditional Income Statement Is Considered by Most Companies to Be