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Title: Which statement is NOT true regarding the sales method of accounting for byproducts? Post by: pduvin on Nov 7, 2017 Which statement is NOT true regarding the sales method of accounting for byproducts?
A) The method makes no journal entries until the byproduct is sold. B) This method is the preferred method because of the matching principle. C) Revenues of the byproduct can be recorded in the income statement as revenue. D) Revenues of the byproduct are not recorded at the time of production. E) No value is attached to the byproduct inventory. Title: Re: Which statement is NOT true regarding the sales method of accounting for byproducts? Post by: pacho on Nov 7, 2017 Content hidden
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