<span>When a policyowner cash surrenders a universal life insurance policy in it's early years, this may be considered a red flag for an Anti-Money Laundering violation. Anti-money laundering known as AML are procedures and regulations that are designed to generate some type of income by doing illegal activity. The money that comes from doing these things is completely real however, it is earned under false pretenses. Money laundering is completely illegal. </span>
Answer:
B
Explanation:
Standard is used for unit projection and unit prices of a product, while Budget is used for total projection in both price and Total units of a product.
Answer and Explanation:
The journal entries are shown below
On Sep 10
Account receivable - king $200
To Bad debt expense $200
(Being the reinstate previously written off account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses
On Sep 10
Cash Dr $200
To Account receivable - king $200
(Being cash collection is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets
Answer:
D. is reduced to $5 per share
Explanation:
Please see attachment.
