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6. Higher debt levels lead to what kind of risk? Your answer 7. List the 4 main areas of Cost Classification Your answer 7a. If

6. Higher debt levels lead to what kind of risk? Your answer 7. List the 4 main areas of Cost Classification Your answer 7a. If the Sales price is increased and all other costs remain constant, can profits decline? If so, explain how? Your answer 8. Conversion costs are high in Process Costing True False

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