The _______________ approach to the income statement organizes costs by function.
A)contribution
B)traditional
C)comparable
D)None of the above is true.

Name: The _______________ approach to the income statement organizes costs by function. A)contribution B)traditional C)comparable D)None of the above is true.
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Question

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The traditional approach to the income statement organizes costs by function, such as cost of goods sold, selling expenses, and administrative expenses.

The _______________ Approach to the Income Statement Organizes Costs by Function