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

Question

Quizplus · Accepted Answer

The contribution margin format is the most useful in decision-making as it separates variable costs from fixed costs and shows the contribution margin for each product or service. This information is important for determining how changes in sales volume, pricing, or product mix will impact profitability. The absorption costing format, traditional format, and single-step format all have limitations and do not provide as much relevant information for decision-making.

Which of the Following Is the Format of the Income