Thursday, May 31, 2012

Outputs with zero sales value are accounted for by

ACCOUNTING

Multiple Choice

Outputs with zero sales value are accounted for by

a. listing these various outputs in a footnote to the financial statements.

b. including the items as a relatively small portion of the value assigned to the products produced during the accounting period.

c. making journal entries to reflect an estimate of possible values.

d. none of the above.

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