The physical-measure method
a) allocates joint costs to joint products in a way that each product has an identical gross-margin percentage
b) allocates joint costs to joint products on the basis of a comparable physical measure at the splitoff point
c) allocates joint costs to joint products on the basis of the relative sales value at the splitoff point
d) allocates joint costs to joint products on the basis of relative nrv

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: