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:

Long Words

Words that are notably more extended in character count than average, often used for specific technical or academic purposes.

Revising for Clarity

The process of editing and altering content to make the intended message clearer and more comprehensible to the reader.

Revising for Conciseness

The process of editing written material to eliminate unnecessary words, making the text clearer and more direct.

Long Sentences

A writing style in which sentences comprise a large number of words and potentially multiple clauses, often used to convey complex ideas.