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Which of the following is a method of disguising money acquired from illegal sources by recording more income on a business's books than the business actually generates?
Suggested Answer: A
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30 comments · newest first
VA
Vallie
10 months ago
Not sure if I buy that, seems too obvious.
MY
Myra
10 months ago
A is the most common method, no doubt about it.
MA
Marsha
10 months ago
Definitely A, overstating revenues is classic.
AS
Ashton
11 months ago
Wait, is this really how people do it? Sounds sketchy!
CA
Carissa
11 months ago
I disagree, C could also fit that description.
NI
Nikita
11 months ago
I recall a practice question that was similar, and it focused on how businesses manipulate their books. A seems to be the right choice, but I’m still a bit unsure.
TU
Tu
11 months ago
I feel like overstating revenues is definitely the most straightforward method. It seems to fit the question best.
ME
Merissa
12 months ago
I'm not entirely sure, but I remember something about recording but not depositing revenue being a tactic too. Maybe it's C?
YA
Yaeko
12 months ago
I think the answer might be A, overstating revenues. We talked about that in class as a common method for money laundering.
TO
Toshia
12 months ago
Okay, I think I've got it. The key is that the question is asking about a method of disguising illegal income, so A seems like the best answer.
VI
Vincent
1 year ago
I'm a bit confused by the wording of the question. I'll have to re-read it a few times to make sure I understand.
SA
Sang
1 year ago
Overstating revenues sounds like the most likely method of disguising illegal income. I'll go with A.
DA
Dannette
1 year ago
Hmm, I'm not sure about this one. I'll have to think it through carefully before answering.
BR
Brock
1 year ago
This question seems straightforward - I think the answer is A, overstating revenues.
BO
Boris
1 year ago
C) Recording but not depositing rBorisnue is also a method used to hide illegal money, as it creates a paper trail without actually depositing the funds.
LO
Lorrie
1 year ago
A) Overstating revenues can make it seem like the business is making more money than it actually is, which can help disguise illegal funds.
CE
Celestina
1 year ago
D) None of the above
RO
Rosann
1 year ago
None of the above? Well, I guess that's the only correct answer if you want to keep your money and your freedom.
LA
Lavonna
1 year ago
Recording but not depositing revenue? Hmm, I bet the bank tellers would get a kick out of that one.
BE
Bette
1 year ago
B) Reporting real estate purchases
VA
Valentine
1 year ago
A) Overstating revenues
TE
Tesha
1 year ago
Reporting real estate purchases? Really? That's like trying to cover up a bank robbery by buying a mansion.
TA
Tandra
1 year ago
C) Recording but not depositing revenue
SH
Shay
1 year ago
B) Reporting real estate purchases
MA
Marva
1 year ago
A) Overstating revenues
FR
Freida
1 year ago
C) Recording but not depositing revenue
AD
Adelina
1 year ago
A) Overstating revenues
AN
Anissa
1 year ago
Overstating revenues? That's so obvious, it's like trying to hide an elephant in a room full of mice.
CE
Celeste
1 year ago
C) Recording but not depositing revenue
TE
Tesha
1 year ago
A) Overstating revenues