For retailers and service companies, operating income is the same whether a traditional income statement or a contribution margin income statement is prepared.

Name: For retailers and service companies, operating income is the same whether a traditional income statement or a contribution margin income statement is prepared.
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Question

Quizplus · Accepted Answer

Operating income is calculated as revenue minus expenses, and this calculation is the same regardless of the type of income statement used.

For Retailers and Service Companies, Operating Income Is the Same