Lance Acts as a Carrier for Those Who Wish to Send

question 77

Multiple Choice

Lance acts as a carrier for those who wish to send money in support of known terrorist organizations. He is a bright-eyed young man who never arouses the suspicion of Customs agents. One time, Lance became ill midway through his route and deposited the money into an account, where it was then moved to a second account, this one held by the terrorist group.

• A)By moving money from one place to another illegally, Lance has engaged in:
• B)terrorism.
• C)money laundering.
• D)the crime of terrorizing.
• E)war crimes.

---

Definitions:

Adjusting Entries

Journal entries used to adjust account balances in order to reflect more accurate financial information at the end of an accounting period.

Journal Entry

A record in accounting that notes a specific financial transaction in the books.

Debit Amount

A financial entry that increases an asset or expense account, or decreases a liability, equity, or revenue account.

Credit

A financial term that refers to the provision of resources (such as funds) by one party to another, where the second party does not repay the first party immediately but incurs a debt and is usually obliged to pay interest.