The Net Realizable Value Approach Mandates That the NRV of the By-Products/scrap

question 119

Multiple Choice

The net realizable value approach mandates that the NRV of the by-products/scrap be treated as

• A)an increase in joint costs.
• B)a sunk cost.
• C)a reduction of joint costs.
• D)a cost that can be ignored totally.

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Definitions:

Euglenoids

A diverse group of unicellular flagellate protists, often found in fresh water, and characterized by the presence of a pellicle, chloroplasts for photosynthesis, and a unique method of motility.

DNA Evidence

Genetic material used in courts or investigations to prove the presence or absence of an individual at a crime scene, or to establish paternity or other relationships.

Protists

The group of eukaryotic organisms that are not a plant, fungus, or animal. Protists are generally a microscopic, complex single cell; they evolved before other types of eukaryotes in the history of Earth.

Common Ancestor

The most recent individual from which all organisms in a group are directly descended.