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NEW QUESTION: 1
In general, what is an element that a financial institution or business does not have to specifically address in an anti-money laundering program?
A. A designated compliance officer with day-to-day oversight over the AML program
B. An ongoing employee training program
C. A description of its OFAC program to address government watch list screening
D. A system of internal policies, procedures and controls
Answer: C

NEW QUESTION: 2
An entity opens a new factory and receives a government grant of $25,000 towards the cost of new plant and equipment. This new plant and equipment originally costs $100,000.
The entity uses the net cost method allowed by IAS 20 Accounting for Government Grants and Disclosure of Government Assistance to record government grants of this nature. All plant and equipment is depreciated at 20% a year on a straight line basis.
Calculate the amount of depreciation to be included for this plant and equipment in the statement of profit of loss for the factory's first year of operation.
Give your answer to the nearest whole $.
Answer:
Explanation:
$15000

NEW QUESTION: 3
How would you define a "positive no" to a co-worker?
A. Lead with a positive then switch to a negative, such as, "Definitely not."
B. It is a way to correct a customer by informing them of what you can do.
C. It's leading with "no" and not engaging in any further conversation with the customer.
D. You say no with a positive voice inflection.
Answer: B

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