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5. Which of the following statements is true? A cost is: A. always an expense B. always an asset C. can be either an expense

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5. Which of the following statements is true? A cost is: A. always an expense B. always an asset C. can be either an expense or an asset D. always a liability 6. If production increases, variable cost will: A. remain constant on a per unit basis increase by a variable amount B. C. vary on a per unit basis D. remain unchanged

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