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Suzy has owned her consulting practice since 2011. Accordingly, she has also owned the same Client Account at one of the major financial institutions in

Suzy has owned her consulting practice since 2011. Accordingly, she has also owned the same Client Account at one of the major financial institutions in Canada. Since she has been such a long-time client, she earns a very favourable interest rate on the deposits she maintains in her Client Account. Once her interest earnings reach a certain amount, she transfers that money to her business account and takes her staff out on a short weekend trip. During these trips, she spends all the money on nice dinners and allows her staff to purchase souvenirs as well. She has been doing this since the beginning of her practice, to reward her staff for their dedication and hard work. According to the Client Account Regulation, this is prohibited and Suzy cannot be using interest earned from her Client Account in this manner. Question 8 options: True False

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