Since by-products have minor sales value, alternative methods of accounting for them will not have a material effect on the financial statements.

Name: Since by-products have minor sales value, alternative methods of accounting for them will not have a material effect on the financial statements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By-products typically have a minor sales value, so the method of accounting for them usually does not significantly impact the overall financial statements.

Since By-Products Have Minor Sales Value, Alternative Methods of Accounting