Which of the Following Is the Format of the Income

question 91

Multiple Choice

Which of the following is the format of the income statement that is MOST useful in decision- making?

• A)Contribution margin format
• B)Absorption costing format
• C)Single- step format
• D)Multiple- step format

---

Definitions:

Administrative Skill

The abilities and expertise necessary for managing tasks, projects, and operations efficiently in a business or organization setting.

Medical Record

A comprehensive document containing the history of a patient's medical conditions, treatments, and health care interactions.

Ambulatory Care

Medical services or treatments that are provided on an outpatient basis, without the need for the patient to be admitted to a hospital.

Medical Assistants

Healthcare professionals who support medical practitioners by performing administrative and clinical tasks in hospitals, offices, and clinics.