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It is necessary to achieve breakeven before achieving profit. True False 40. Sales less Variable costs is Profit True False 21. The capital structure of

It is necessary to achieve breakeven before achieving profit.

True

False

40. Sales less Variable costs is Profit

True

False

21. The capital structure of a firm consists of Debt and Equity

True

False

48. Production budget is the first budget prepared

True

False

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