The Contribution Approach to the Income Statement Classifies Costs by Behaviour

question 72

True/False

The contribution approach to the income statement classifies costs by behaviour rather than by function.

---

Definitions:

Test Statistic

A number derived from the sample data in a hypothesis test that helps decide whether the null hypothesis should be rejected.

Alternative

The hypothesis that there is a significant difference between specified populations or sets of data, contrasting the null hypothesis.

Population Proportion

The fraction or percentage of the population that possesses a particular characteristic or attribute.

Sample Size

The number of individuals or observations included in a sample taken from a population.