The CVP income statement is distributed internally and externally. discloses contribution margin in the body of the statement. w

Question

3 years ago

6

ill reflect a different net income than the traditional income statement. classifies costs by functions.

1 answer:

Harlamova29_29 [7] · Answer 1 · 2022-06-12T07:10:22+03:00

Answer:

discloses contribution margin in the body of the statement

Explanation:

the CVP income statement is used for managerial accounting, in other words, only for internal processes.

the CVP income statement may or may not reflect a different net income than a traditional income statement.

the CVP income statement classifies costs are variable or fixed