As compared to a traditional income statement format, an income statement organized by cost behavior...
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Accounting
As compared to a traditional income statement format, an income statement organized by cost behavior does not include: Multiple Choice Skipped eBook operating income. cost of goods sold. contribution margin. revenues. Janson Company prepares an income statement for financial accounting purposes using the traditional income statement format, as well as an income statement for managerial accounting purposes using the contribution margin format. Selected information from both income statement formats are as follows: Skipped Revenues Cost of goods sold Contribution margin ratio Operating expenses Fixed expenses $ 200,000 $ 40,000 50% $120,000 $ 60,000 eBook Using the traditional income statement format, the gross profit ratio is: Multiple Choice 0 20%. 50%
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