Question: There could be multiple answer for this question. Which of the following statements is Not true? a. A product that has a sales value resulting

There could be multiple answer for this question.

Which of the following statements is Not true?

a. A product that has a sales value resulting from a joint process is classified as 1. a joint product, 2. a by-product and 3. scrap.

b. Joint products are not necessarily products that differ intentionally.

c. A joint process produces only one primary output or main product.

d. By-products and scrap are incidental outputs of a joint process.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!