Identify two ways in which a contribution margin income statement differs in format from a traditional income statement. Which is more useful for decision making and why?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.
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  1. Identify two ways in which a contribution margin income statement differs in format from a traditional income statement. Which is more useful for decision making and why?
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