ACC406 INCOME STATMENT Flashcards by Malina Gibson

Q

FIRST EQUATION IN INCOME STATEMENT

A

SALES - VARIABLE COST

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

SALES - VARIABLE COST = ?

A

CONTRIBUTION MARGIN

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

CONTRIBUTION MARGIN - FIXED COSTS = ?

A

OPERATING INCOME

How well did you know this?

1

Not at all

2

3

4

5

Perfectly