(Chapter 12) Consider the following statements: Statement 1: The price-recovery component of the change in...
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Accounting
(Chapter 12) Consider the following statements: Statement 1: The price-recovery component of the change in operating income measures solely the effect of price changes on costs but not revenues. Statement 2: The productivity component measures the amount by which operating income increases by using inputs efficiently to lower costs. Which of the following is correct? O Both statements are false O Statement 1 is true, statement 2 is false Statement 1 is false, statement 2 is true O Both statements are true
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