Both the Traditional Income Statement Approach and the Contribution Margin

question 196

True/False

Both the traditional income statement approach and the contribution margin approach will yield the same answer for net income.

---

Definitions:

Acceptable Name

A term or name that is officially recognized and widely accepted in a specific field or context.

Compound

A chemical combination of two or more elements in precise ratios.

Acceptable Name

A name for a chemical substance that follows current nomenclature rules and is agreed upon by scientific organizations.

Compound

A substance made up of two or more different elements that are chemically bonded together in a fixed ratio.