In a common size income statement, net sales are represented by 100%

________ is a fee paid periodically to compensate a licensor for the temporary use of its intellectual property, often based on a percentage of gross sales generated from the use of the licensed asset

A) Duty B) Residual C) Royalty D) Tariff

If the incremental costs of processing further are greater than the incremental revenue, the decision of selling the product at the split-off point is justified

Indicate whether the statement is true or false