Black Company Had the Following Income Statement: Given This

question 110

Multiple Choice

Black Company had the following income statement: Given this data, Black Company has a per-unit contribution margin of:

• A) $40
• B) $45
• C) $70
• D) $100

---

Definitions:

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, used to prepare financial statements.

Accounts Receivable

Funds due to a company from its clients for goods or services rendered but payment has not been received yet.

Cash Receipt

A document or electronic record acknowledging the receipt of cash from a transaction.

Voucher System

A control mechanism in accounting where vouchers are prepared as evidence for every transaction or payment.