Business, 19.05.2020 20:20, Jackiebear4593

Consider the following comments about absorption- and variable-costing income statements: I. A variable-costing income statement discloses a firm's contribution margin. II. Cost of goods sold on an absorption-costing income statement includes fixed costs. III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements. Which of the above statements is (are) true?

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Consider the following comments about absorption- and variable-costing income statements: I. A varia...