What is the difference between a contribution income statement and a traditional income statement? Under what circumstances would a firm use each?

1. What is the difference between a contribution income statement and a traditional income statement?  Under what circumstances would a firm use each?
2. What is a company segment?  Why would a firm want to divide itself into operating segments?  Why would a firm want to measure profits by segment?  How would common costs be allocated to each of a company’s segments?

Last Completed Projects