Use the Following Information for the Next 3 Questions

question 53

Multiple Choice

Use the following information for the next 3 questions.
Balley, Inc. produces three milk products (all are main products) from a joint process costing $200,000. Data from the current period's operation follow:
-If Balley allocates joint costs using the physical output method instead of the net realizable value method, income will be

• A) higher
• B) lower
• C) unchanged
• D) unable to determine from data given

Discuss the responsibilities and rights concerning unauthorized electronic fund transfers.

Understand the legal implications of stop-payment orders on checks, including required notices and bank liabilities.

Describe the characteristics, uses, and legal aspects of traveler's checks and cashier's checks.

Recognize the requirements for electronic check presentment and processing checks electronically.