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Which of the following is a TRUE statement regarding the treatment of scrap by a firm? A. Revenue received from the sale of scrap on

Which of the following is a TRUE statement regarding the treatment of scrap by a firm?

A. Revenue received from the sale of scrap on a job lowers the total costs for that job.

B. Scrap is always allocated to a specific job.

C. Scrap is separated between normal and abnormal scrap.

D. There are costs assigned to scrap.

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