In an Income Statement Prepared Using the Variable Costing Method

question 127

Multiple Choice

In an income statement prepared using the variable costing method, which of the following terms should appear? $\begin{array}{lll}&\text { Gross Profit (margin) } & \text { Net income } \\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { No } \\\text { D) } & \text { No } & \text { Yes }\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Employment Equity

The requirement that employers in the federal government and federally regulated industries increase the representation of women, people with disabilities, Aboriginal people, and members of visible minorities in their workplaces to match their availability in the workforce.

Aboriginals

Indigenous people native to a specific geographical area with distinct cultural and historical identities.

Visible Minorities

Individuals in a population who are recognized as distinct from the dominant group based on racial or ethnic characteristics.

Employee Recruitment

The process of finding and hiring the best-qualified candidates for a job opening, in a timely and cost-effective manner.