qwsax

pdf

School

Seneca College *

*We aren’t endorsed by this school

Course

440

Subject

Business

Date

Nov 24, 2024

Type

pdf

Pages

2

Uploaded by BrigadierWillpower1924

Report
12/9/23, 6:59 AM Chapter 9 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4732495&cmid=1260649&page=9 1/2 English (en) English (en) Français - Canada (fr_ca) Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 9 - Relevant Costs and Business Strategies / Chapter 9 Quiz Question 10 Correct Mark 1.00 out of 1.00 In the keep-or-drop decision, which of the following income statement formats will the company find most useful? Select one: a. A segmented income statement in the contribution margin format b. Income statements are not useful in this case c. An overall income statement in the contribution margin format d. An income statement in full costing format that complies with GAAP Your answer is correct. Explanation: By creating a segmented contribution margin income statement, the company can easily obtain information regarding the irrelevant and relevant costs of the decision to keep or drop a particular segment. The correct answer is: A segmented income statement in the contribution margin format
12/9/23, 6:59 AM Chapter 9 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4732495&cmid=1260649&page=9 2/2 Français (fr)
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help