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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Q19: Joint costs may be allocated to main
Q20: Joint costs may be allocated to by-products
Q21: Not-for-profit entities are required to allocate joint
Q22: Two incidental products of a joint process
Q23: Under the net realizable value approach,no value
Q25: Joint costs are allocated to which
Q26: If a company obtains two salable products
Q27: Costs that are incurred after the split-off
Q28: Sales revenue at split-off less disposal costs
Q29: The point at which individual products are
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