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  3. Study Set
    Cost Accounting Foundations and Evolutions
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    Exam 11: Allocation of Joint Costs and Accounting for By-Products
  5. Question
    Under the Net Realizable Value Approach,no Value Is Recognized for By-Products
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Under the Net Realizable Value Approach,no Value Is Recognized for By-Products

Question 63

Question 63

True/False

Under the net realizable value approach,no value is recognized for by-products or scrap until they are actually sold.

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