A contribution format income statement for a merchandising company organizes costs into two categories-cost of goods sold and selling and administrative expenses.

Name: A contribution format income statement for a merchandising company organizes costs into two categories-cost of goods sold and selling and administrative expenses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A contribution format income statement organizes costs into variable and fixed categories, not cost of goods sold and selling and administrative expenses.

A Contribution Format Income Statement for a Merchandising Company Organizes