Joint products and by-products are produced simultaneously by a single process or series of processes and:
A. The revenue from by-products may be recognized at the time of production.
B. By-products are salable at the split-off point, but joint products are not.
C. Joint products are salable at the split-off point, but by-products are not.
D. All by-products must be allocated some portion of joint costs.
Answer: A
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