Which of the Following Is True of the Traditional Format

question 118

Multiple Choice

Which of the following is true of the traditional format of the income statement?

• A)It is prepared under the variable costing method.
• B)It shows contribution margin as a line item.
• C)It is not allowed under GAAP.
• D)It is prepared under the absorption costing method.

---

Definitions:

Subjective Norm

An individual's perception of social pressure to perform or not perform a specific behavior.

Perceived Behavioral Control

An individual's belief in their capability to execute behaviors necessary to produce specific performance attainments.

Self-Efficacy

Someone's trust in their own capability to perform tasks that will lead to particular outcomes.

Attitude

A psychological construct representing an individual's like or dislike for an item, behavior, or issue.