If an income statement is prepared as an internal report, under which of the following methods would the term gross margin most likely appear
A)Both absorption costing and variable costing.
B)Absorption costing but not variable costing.
C)Variable costing but not absorption costing.
D)Neither variable costing nor absorption costing.

Question

Quizplus · Accepted Answer

The Answer is B

If an Income Statement Is Prepared as an Internal Report