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Which of the following lists contain ingredients that are essential for PCR?
Contribution Format
A contribution format income statement categorizes costs as variable or fixed and calculates a contribution margin.
Net Operating Income
Profits from a company's core business operations, excluding deductions of interest and taxes.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, leading to the net profit or loss for that period.
Contribution Format
An income statement format that highlights the contribution margin, separating fixed costs from variable costs to provide insight into profitability.
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