Which Is the True Statement

question 169

Multiple Choice

Which is the true statement?

• A) In a CVP income statement costs and expenses are classified only by function.
• B) The CVP income statement is prepared for both internal and external use.
• C) The CVP income statement shows contribution margin instead of gross profit.
• D) In a traditional income statement costs and expenses are classified as either variable or fixed.

Distinguish between different types of computer systems and their capabilities, such as midrange computers, supercomputers, and decision-support systems.

Understand the importance of disaster prevention strategies in information technology, including on-site and off-site data backup.

Differentiate between various threats to computer systems, such as viruses and worms.

Understand the concept and objectives of different dividend policies, including the residual dividend approach.

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Definitions:

Allocated

The process of distributing resources or expenses among various departments, activities, or time periods.

Square Feet

A measurement of area equivalent to a square measuring one foot on each side.

Print Advertising

The process of promoting products or services through printed mediums such as newspapers, magazines, flyers, or billboards.

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and discounts.