On january 1 lake corporation increased its management, Ask an Expert

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On January 1, Lake Corporation increased its management salaries. All other costs and revenues were unchanged. How did this increase affect Lake's break-even point and margin of safety?

Break-even point Margin of safety

a. Increase Decrease

b. Increase Increase

c. Decrease Increase

d. Decrease Decrease

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945841

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