Business, 25.02.2021 18:50 jademckinziemea

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?
I only.
II only.
I and II.
II and III.
I, II, and III.

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

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