Which report is an internal management report?
A)Contribution Margin Income Statement
B)Balance sheet
C)State income tax report
D)Statement of Cash Flows

Question

Quizplus · Accepted Answer

The Contribution Margin Income Statement is an internal management report which shows the amount of revenue remaining after deducting variable costs. This report helps management to make decisions about pricing and cost control. The other options (B, C, and D) are all financial statements that are generally made available to external stakeholders.

Which Report Is an Internal Management Report