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Which of the following statements about joint products is true?
(1) Joint products are accounted for in the same way as by-products, from a process
(2)
Joint products are indistinguishable from each other until the separation pointWhy are you attempting a question for which you do not have an answer?
Statement 1 is false, Statement 2 is true.
Joint products are very unlikely to be asked in Paper PM because they are examined in full in Paper MA (and there are free lectures on joint products in the Paper MA section of this website).
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