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True or False: 1. A point beyond the breakeven point will show operating income and...

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Accounting

True or False:

1. A point beyond the breakeven point will show operating income and any point below the breakeven point will indicate an operating loss.

2. If fixed costs increase with no change in variable costs and selling price, operating income is expected to increase.

3. Breakeven and Cost-Volume-Profit analysis are used to find sales revenue and units of sales.

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