Which of the following is the format of the income statement that is MOST useful in decision-making?

Question

Quizplus · Accepted Answer

The contribution margin format is the most useful in decision-making as it focuses on the behavior of costs, separating variable costs from fixed costs. It helps in determining the impact of changes in sales volume or selling price on the profitability of the company. This format is especially helpful in making decisions related to pricing, product mix, and cost control.

Which of the Following Is the Format of the Income