Which of the following is true about UCC Article 4A?

a. It is designed to overlap coverage of the Electronic Funds Transfer Act.
b. It covers both credit and debit transactions.
c. It covers wholesale funds transfers.
d. It does not allow parties to vary their rights and obligations by agreement.


c

Business

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The following data were taken from the accounting records of a company that uses the FIFO method in its process costing system: Beginning work in process inventory: 20,000 units (materials 100% complete, conversion costs 60% complete) Started in process during the period: 80,000 units Ending work in process inventory: 30,000 units (materials 100% complete, conversion costs 70% complete) The

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Indicate whether the statement is true or false

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