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joint product

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The products with significant value that emerge at a split-off point in a process. When a joint product has little value it is referred to as a by-product.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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