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The Net Realizable Value (NRV) Method Allocates Joint Costs to Joint

question 110

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The net realizable value (NRV) method allocates joint costs to joint products produced during the accounting period on the basis of their relative NRV-final sales value plus separable costs.


Definitions:

Web-Based General Ledger

An online system that records all of a company's financial transactions, ranging from sales and purchases to payroll.

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