FinCEN regulations often impose AML compliance program requirements and SAR obligations on insurance companies. This focus would include all of the following products EXCEPT personal liability insurance.
<h3>Insurance Rules</h3>
The insurance regulations is known to apply only to insurance companies. The the insurance company is held accountable for the conduct and effectiveness of its AML compliance program.
The purposes of an AML compliance program, includes:
- A permanent life insurance policy.
- Any annuity contract,
- Any insurance product with features of cash value or investment etc.
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Answer:
Earning per share = $1.40
Explanation:
Earning per share = Income available to ordinary shareholders / Number of shares available
$
Net Income 364.000
Preferred dividend (19,400× 0.54) (<u>34920
)</u>
329,080
Number of shares(see workings) 237,135
Earning per share = $329,080
/237,135 units = $1.39
Number of shares = (603,000/1000)*45 + 210,000 = 237,135 units
Earning per share = $1.40
Overall, the most effective and efficient analgesics are the narcotics. Narcotics are analgesic compounds that have sleep-inducing properties.They are referred to as opiates and opioid analgesics, because of their opatic property. Narcotics result in p<span>ain relief, narcosis and addiction (physical dependence on the drug).</span>
Answer:
Feb 6
Dr Account receivable $97,000
Cr Sales revenue $97,000
Jul 1
Dr Notes receivable $18,000
Cr Cash $18,000
Dec 31
Dr Interest receivable $630
Cr Interest revenue $630
July 1
Dr Cash $19,260
Cr Notes receivable $18,000
Cr Interest receivable $630
Cr Interest revenue $630
(To record collection)
Explanation:
Preparation of the journal entries
Feb 6
Dr Account receivable $97,000
Cr Sales revenue $97,000
(To credit sales)
Jul 1
Dr Notes receivable $18,000
Cr Cash $18,000
(To record loan given)
Dec 31
Dr Interest receivable ($18000*7%*6/12) $630
Cr Interest revenue $630
(To record accrued interest)
July 1
Dr Cash $19,260
($18,000+$630+630)
Cr Notes receivable $18,000
Cr Interest receivable $630
Cr Interest revenue $630
(To record collection)