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Which of the Following Statements Is(are)true? (A)Divisional Income Statements Do

Question 108

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 A and B are true.
D) Neither A nor B is true.

Correct Answer:

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