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1.What is the effect on the balance sheet of making cash sales of inventory to customers on profit? Assets and equity increase. Assets and equity
1.What is the effect on the balance sheet of making cash sales of inventory to customers on profit?
Assets and equity increase.
Assets and equity decrease.
Assets decrease and equity increases.
2.Fixed cost per unit:
decreases as production volume decreases.
is not affected by changes in the production volume.
decreases as production volume increases.
increases as production volume increases.
Assets increase and equity decreases.
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