Which of the Following Statements Is False Regarding the Contribution

question 63

Multiple Choice

Which of the following statements is false regarding the contribution margin income statement?

• A) It will group costs into categories based on their behaviour (fixed versus variable).
• B) It will include a subtotal called gross profit.
• C) It is not allowed for external reporting purposes.
• D) It is used by management to perform cost-volume-profit analysis.

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Definitions:

Relational Database

A type of database that stores and provides access to data points that are related to one another, typically structured in tables.

Redundant Data

Duplicate or unnecessary information stored within a database or software system, often leading to inefficiency.

Status Bar

A visual component located at the application window's bottom that shows data regarding the application or document's current status.

Import Spreadsheet Wizard

A tool or feature within a program that guides users through the process of bringing data from a spreadsheet into another application.