Your firm must submit the transfer instruction to the carrying member through the ACATS <u>A) Immediately.</u>
<h3>What is the Automated Customer Account Transfer Service (ACATS)?</h3>
The Automated Customer Account Transfer Service (ACATS) is a standardized and automatic system sanctioned by the Financial Industry Regulatory Authority (FINRA) that transfers financial securities in customers' accounts from one brokerage firm or bank to another.
Under the FINRA's Uniform Practice Code, a customer may transfer some or all of their securities.
Thus, the FINRA's Uniform Practice Code requires that your firm <u>immediately</u> forwards the TIF to the next broker.
Learn more about Financial Industry Regulatory Authority (FINRA) at brainly.com/question/8777317
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<h3>Question Completion with Answer Options:</h3>
What does FINRA's Uniform Practice Code require?
A) Immediately.
B) within 1 business day.
C) within 3 business days.
D) within 2 business days.
Answer:
Part (1) November 1
The amount paid is the rental advances and must be recorded as advances which falls under the current asset category:
Dr Rental Advances $90,000
Cr Bank account $90,000
Part (2) December 31
On this date, some of the rental advances paid would be realized as expenses from the period November 1, 20X1 to December 31, 20X2.
This time duration constitutes to 2 months and the rental advance made on November were for five months. Out of these 5 months, 2 months share must be recognized as expense which is
The relevant entry would be:
Dr Rental Expenses $36,000
Cr Rental Advances $36,000
Answer:
Social Media.
Explanation:
Social media are increasingly being used by people and companies around the world. Through it it is possible to share information, photos, videos, social interactions, etc.
For companies, these platforms are more than just an interaction tool, they can act as a marketing channel that will strengthen the relationship with the consumer, in addition to attracting new customers, strengthening the brand image, engaging consumers, creating shopping desires, providing data on consumer trends, etc.
I'm pretty sure it is b because invoice is a record that keeps track of orders and cost
