35. The traditional income statement required for external reporting a. organizes costs by behavior rather than by function. b. organizes costs by function rather than by behavior. c. emphasizes the concept of contribution margin. d. is equally useful for internal as well as external decisions.

June 20, 2017 mfadmin Managerial Accounting

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35. The traditional income statement required for external reporting a. organizes costs by behavior rather than by function. b. organizes costs by function rather than by behavior. c. emphasizes the concept of contribution margin. d. is equally useful for internal as well as external decisions.