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(Solved): Which Of The Following Is True Of The Traditional Format Of The Income? Statement? A. It Is Not Al ...

Which of the following is true of the traditional format of the income? statement?

A.

It is not allowed under GAAP.

B.

It is prepared under the absorption costing method.

C.

It shows contribution margin as a line item.

D.

It is prepared under the variable costing method.

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