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    Cost Accounting Foundations and Evolutions
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    Exam 11: Allocation of Joint Costs and Accounting for By-Products
  5. Question
    The Net Realizable Value Approach Is Used to Account for Scrap
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The Net Realizable Value Approach Is Used to Account for Scrap

Question 105

Question 105

True/False

The net realizable value approach is used to account for scrap and by-products when the net realizable value is insignificant.

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