Multiple Choice
Which of the following statements is(are) true?
(A) Divisional income statements do not include allocated common costs.
(B) The gross margin ratio is computed by dividing operating income by sales.
A) Only A is true.
B) Only B is true.
C) Both of these are true.
D) Neither of these is true.
Correct Answer:
Verified
Correct Answer:
Verified
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