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Which of the following statements about a cost-volume-profit graph is correct? A. A cost-volume-profit graph is prepared with activity (number of units) on the vertical

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Which of the following statements about a cost-volume-profit graph is correct? A. A cost-volume-profit graph is prepared with activity (number of units) on the vertical axis. The intersection of the total sales line and the total cost line represents the break-even point . The area above the break-even point represents the area of loss. C. The total cost line intersects the vertical axis at the dollar amount of total variable costs D

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