Owner's withdrawals

A restaurant manager randomly selects tables at which customers have just been seated and records the amount of time it takes for the wait staff to greet these customers. This is an example of an experiment being used to collect data

Indicate whether the statement is true or false

For external reporting purposes, U.S. GAAP allows companies to use

A) either the traditional format or the contribution margin format. B) only the contribution margin format of the income statement. C) only the traditional format of the income statement. D) the variable costing format.