Question 3, Q16-14 (book/static) HW Score: 8%, 8 of 100 points Points: 0 of 2 Which of the following are two major methods to account for byproducts? A. Sales method and constant gross-margin percentage method. B. Production method and sales method. C. Production method and net realizable value method. D. Sales value at splitoff method and net realizable value method.

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

What is used by accountant to analyze transactions ?