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For a farm in which alfalfa hay is raised and fed to dairy cattle, to analyze alfalfa as a separate enterprise, the value of the

For a farm in which alfalfa hay is raised and fed to dairy cattle, to analyze alfalfa as a separate enterprise, the value of the hay fed should be recorded as:

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an expense to alfalfa and income to dairy

an expense to dairy and income to alfalfa

an asset to alfalfa and a liability to dairy

an asset to dairy and a liability to alfalfa

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