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2. Which of the following make up the Finance Equation? (select all that apply) Revenues = Price x Volume Costs = Fixed + Variable Profit

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2. Which of the following make up the Finance Equation? (select all that apply) Revenues = Price x Volume Costs = Fixed + Variable Profit = Revenues - Costs Income = Sales - COGS 3. Which of the following are referred to as the building blocks of accounting? (select all that apply) Assets Debits Credits Liabilities Equity

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