Joint Products and By-Products Are Produced Simultaneously by a Single

Multiple Choice

Joint products and by-products are produced simultaneously by a single process or series of processes and:

A) joint products are salable at the split-off point,but by-products are not.
B) by-products are salable at the split-off point,but joint products are not.
C) the revenue from by-products may be recognized at the time of production.
D) all by-products must be allocated some portion of joint costs.