Using estimated net realizable value, what amount of the joint costs would be allocated Xyla and the skim goat ice cream?

A) $672,000 and $271,000
B) $131,464 and $53,016
C) $92,240 and $92,240
D) $144,480 and $72,140

Answer: B

Business

You might also like to view...

A change in the estimated useful life of equipment requires

a. a retroactive change in the amount of periodic depreciation recognized in previous years. b. that no change be made in the periodic depreciation so that depreciation amounts are comparable over the life of the asset. c. that the amount of periodic depreciation be changed in the current year and in future years. d. that income for the current year be increased.

Business

All of the following are examples of liquid assets EXCEPT

A) real estate B) mutual funds, stocks, or bonds (depending on the timing of the sale) C) life insurance proceeds D) checking or savings accounts"

Business