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NEW QUESTION: 1
How are unearned revenues classified on the balance sheet?
A. Current liabilities.
B. Other revenues.
C. Current assets.
Answer: A
Explanation:
Since unearned revenues involve activities related to the business's normal operating cycle, they are classified as current liabilities. Unearned revenues represent an obligation to perform a service or to return money to a customer.
NEW QUESTION: 2
When using password_hash() with the PASSWORD_DEFAULT algorithm constant, which of the following
is true? (Choose 2)
A. The hash algorithm that's used will always be compatible with crypt().
B. The string length of the returned hash can change over time.
C. The algorithm that is used for hashing passwords can change when PHP is upgraded.
D. The salt option should always be set to a longer value to account for future algorithm requirements.
Answer: B,C
NEW QUESTION: 3
After an institution files an STR with regard to a particular account, a law enforcement agent requests the institution to keep the account open until advised otherwise by law enforcement.
What steps should the institution take?
A. The institution should request a written letter From the law enforcement ( agency signed by anappropriate authorized signature
B. The institution should close the account in order not to be caught in the middle of a lawenforcement investigation
C. The institution should follow the request of the law enforcement agent and keep the accountopen
D. The institution should keep the account open only if doing so comports with the bank's ownAML procedures
Answer: A
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