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    Managerial Accounting Study Set 23
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    Exam 1: Managerial Accounting and Cost Concepts
  5. Question
    The Contribution Format Income Statement Is Used as an Internal
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The Contribution Format Income Statement Is Used as an Internal

Question 156

Question 156

True/False

The contribution format income statement is used as an internal planning and decision-making tool. Its emphasis on cost behavior aids cost-volume-profit analysis, management performance appraisals, and budgeting.

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