Which of the Following Statements Are Correct Concerning the Accounting

Multiple Choice

Which of the following statements are correct concerning the accounting break-even point?
I. The net income is equal to zero at the accounting break-even point.
II. The net present value is equal to zero at the accounting break-even point.
III. The quantity sold at the accounting break-even point is equal to the total fixed costs plus depreciation divided by the contribution margin.
IV. The quantity sold at the accounting break-even point is equal to the total fixed costs divided by the contribution margin.

A) I and III only
B) I and IV only
C) II and III only
D) II and IV only
E) I, II, and IV only