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CVP income statement is arranged to show variable expenses, contribution margin and fixed expenses allowing a business to make cost volume profit decisions. CVP income statement is arranged to show variable expenses, contribution margin and fixed expenses allowing a business to make cost volume profit decisions.
We present Interest Income details in three subsections: Interest Income Details, Tax-Exempt Obligations; Interest Income Details, Taxable Obligations; and Interest Income Details, Investment Expenses and Withholding. Each of these subsections appear only if they apply to the amounts reported on your 1099-INT.