Which of the following statements is false?
A) The estimated net realizable value for a product is its estimated selling price after processing the product beyond the split-off point.
B) In general, it is better to use a product's market value at the split-off point than its estimated net realizable value.
C) The estimated net realizable value at the split-off point is calculated by taking the sales value after further processing and deducting the additional processing costs.
D) It is better to use the net realizable value method for allocating joint costs than the estimated net realizable value method.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is false?
A) The estimated net realizable value for a product is its estimated selling price after processing the product beyond the split-off point.
B) In general, it is better to use a product's market value at the split-off point than its estimated net realizable value.
C) The estimated net realizable value at the split-off point is calculated by taking the sales value after further processing and deducting the additional processing costs.
D) It is better to use the net realizable value method for allocating joint costs than the estimated net realizable value method.

Which of the Following Statements Is False