Which is the true statement? a. In a traditional income statement, costs and expenses are classified as either variable or fixed. b. In a CVP income statement, costs and expenses are classified only by function. c. The CVP income statement is prepared for both internal and external use. d. The CVP income statement shows contribution margin instead of gross profit.

Question

Kellen Ray

17 October, 09:34

+1

Answers (1)

Know the Answer?

Vance Spencer · Answer 1

a

Explanation:

in traditional income the costs and expenses