Which of the Following Statements Is False

question 65

Multiple Choice

Which of the following statements is false?

• A) The estimated net realizable value for a product is its estimated selling price after processing the product beyond the split-off point.
• B) In general, it is better to use a product's market value at the split-off point than its estimated net realizable value.
• C) The estimated net realizable value at the split-off point is calculated by taking the sales value after further processing and deducting the additional processing costs.
• D) It is better to use the net realizable value method for allocating joint costs than the estimated net realizable value method.

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