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

---

Definitions:

Technologically Advanced

Refers to devices or systems that incorporate the latest technology, boasting enhanced features and capabilities.

Warm Climate

A geographic area characterized by high temperatures for most of the year.

Contamination

The presence of unwanted substances or qualities in something that make it impure or unsuitable for use.

Longitudinal Studies

Research methods that involve repeated observations of the same variables over short or long periods of time.