Question: TRUE OR FALSE: 1,The final transfer price will always be set by corporate management, not by the division managers. 2,In the profit formula, P is

TRUE OR FALSE:

1,The final transfer price will always be set by corporate management, not by the division managers.

2,In the profit formula, P is equivalent to net operating income in a contribution format statement.

3, Under either of the sales methods of accounting for by-products, the expected sales value of any unsold by-products are included in inventory

4,Joint processing costs are sometimes allocated based on physical measures.

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