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NEW QUESTION: 1
The deferred income tax account
A. none of these answers
B. is always reported as a long-term liability since the tax is not due until the next fiscal year
C. is where the difference between income tax expense and income tax payable is reconciled
D. is reported as an other asset even though it has a credit balance
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The difference between income tax expense (based on accounting income) and the actual income taxes payable (based on taxable income) is reconciled in an account called deferred income taxes.
NEW QUESTION: 2
Consumers are not considered to be the customers if they do not have continuing relationship with the financial institution. A relationship is considered NOT to be a continuing relationship if:
A. The consumer's loan is sold and servicing rights are retained
B. The consumer purchases airline tickets or travel insurance in an isolated transaction
C. The consumer obtains financial services only in isolated transactions, such as using an ATM
D. The consumer is a beneficiary or grantor of a trust not administrated by the bank
Answer: B,C
NEW QUESTION: 3
A. Option C
B. Option A
C. Option D
D. Option B
Answer: B
NEW QUESTION: 4
Which configuration is needed to enable manual ESP mode for Fibre Channel TrustSec on Cisco MDS switches?
A. MDS(config)# interface fc 1/1
MDS(config-if)# fcsp esp manual
MDS(config-if-esp)# mode gem
B. MDS(config)# fcsp esp manual
C. MDS(config)# interface fc 1/1
MDS(config-if)# fcsp mode gem
MDS(config-if-fcsp)# fcsp esp manual
D. MDS(config)# interface fc 1/1
MDS(config-if)# fcsp esp manual
Answer: A
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