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Author Question: Which of the following journal entries can happen only under the production method of recording byproducts? (Read 52 times)

joe

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on: Mar 6, 2021

Question 1

Which method of accounting recognizes byproducts in the financial statements at the time their production is completed?
◦ gross margin method
◦ sales method
◦ production method
◦ market value method

Question 2

Which of the following journal entries can happen only under the production method of recording byproducts?
◦ Work in Process 
Finished Goods - Byproduct
 Accounts Payable
◦ Cash or Accounts Receivable 
 Revenues - Main product
◦ Byproduct Inventory
Finished Goods - Main product
 Work in Process
◦ Cash or Accounts Receivable 
 Revenues - Byproduct
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by joe on Mar 6, 2021

Gabe

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joe

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

zacnyjessica

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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