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NEW QUESTION: 1
What does the elimination program enable you to do? (Choose all that apply.)
A. create journal entries for all values in the source account to zero them out and post them to a target account
B. eliminate average balances
C. eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period
Answer: A,C

NEW QUESTION: 2
The SAS data set ONE contains fifty million observations and contains the variable
PRICE, QUANTITY, FIXED and VARIABLE. Which SAS program successfully creates three new variables TOTREV, TOTCOST and PROFIT and requires the least amount of CPU resources to be processed?
A. data two;
Set one;
Totrev = sum(price*quantity);
Totcost= sum(fixed,variable);
If totrev>1000;
Profit=sum(totrev,-totcost);
Run;
B. data two;
Set one;
totrev=sum(price*quantity);
where totrev>1000;
totcost=sum(fixed,variable);
profit=sum(totrev,-totcost);
run;
C. data two;
Set one;
Where totrev>1000;
Totrev=sum(price*quantity);
Totcost=sum(fixed,variable);
Profit=sum(totrev,-totcost);
Run;
D. data two;
Set one;
Totrev=sum(price*quantity);
If totrev>1000;
Totcost=sum(fixed,variable);
Profit=sum(totrev,-totcost);
Run;
Answer: D

NEW QUESTION: 3
A compliance officer was recently reviewing transactional data for an international charity and found transactions that present a higher risk.
Which reason is cause for terminating the banking relationship?
A. The charity has had a high a high turnover rate of official positions
B. The charity has several incoming international funds transfers
C. The charity is headquartered in a country on the Office of Foreign Assets Control list
D. The flow of funds both in and out are complex and hard to trace
Answer: D

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