Office of Terrorism and Financial Intelligence (TFI is the body that the agency that takes care of money laundering.
<h3>What is money laundering?</h3>
Money laundering has to do with all of the activities that involves the illegal concealment or smuggling of money that was obtained through dubious means.
It is when the money that was taken was meant to be for the people of the nation and it gets to the wrong hands who use it for their own gains and purpose.
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A mutual fund position that is owned by the individual should be contributed to bring back the position of the advisory firm.
Answer: Option D
<u>Explanation:</u>
Net worth is the value of the firm of all the financial and the non financial assets which the firm owns. The outstanding liabilities of the firm are deducted from the net worth.
Mutual funds have the flexibility where they can manage the cash positions according to themselves. They can be followed by the market speculators and can be used to know the net worth in the market.
Answer and Explanation:
The journal entry is shown below:
Unearned revenue $4,770
To fees earned $4,770
(Being the adjusting entry is passed)
The calculation is shown below:
= Received amount ÷ total months × calculated months
= $19,080 ÷ 36 months × 9 months
= $4,770
Hence, the above entry should be recorded and the same is to be considered
It would be 610.32 . My teacher helped me with that one
Answer: The correct cash balance for Sooner Company is "(C) $7,150."
Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:
Notes collected by the bank $ 2,200
Service fee $ 50
<u>Therefore: 5000 + 2200 - 50 = $7150</u>
