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gtnhenbr [62]
3 years ago
10

How does the money laundering process usually begin?

Business
1 answer:
Aloiza [94]3 years ago
8 0

Answer:

The money laundering process usually consists of three steps: placement, layering, and integration.

Placement: The first entry of illegal money into the financial system is its settlement.

Layering: This step hides the source of money through a series of transactions and bookkeeping tricks.

Integration: The money laundered is withdrawn from the legitimate account to be used, and the money is returned to the criminal from the legitimate source.

Explanation:

hope it helps you

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On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for €200,000. The
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Answer:

$4,000 gain

Explanation:

Some information was missing:

the spot rates for euros were:

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In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?

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8 0
3 years ago
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

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The computation of the interest deduction is shown below:

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The interest which is deducted in year 0 under the cash method of accounting is $570

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Which individual can use the head of household filing status?
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Answer:

A. A married person with children

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