Examlex
Shareholder resolutions cannot be made when a corporation is soliciting proxies from its shareholders.
Additional Processing Costs
Costs incurred when more processes are applied to a product after its initial manufacturing phase, often to enhance its value.
Joint Production Process
Definition: A manufacturing operation in which two or more products are produced simultaneously from the same raw material or process.
By-Product
A secondary product derived from the manufacturing process that is not the primary product focus.
Net Realizable Value Method
An accounting method used to value an asset at the estimated selling price in the ordinary course of business, minus estimated costs of completion, disposal, and transportation.
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