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NEW QUESTION: 1
The enterprise uses straight-line depreciation for financial reporting purposes, but uses accelerated depreciation for tax purposes. Which of the following account balances would be lower in the financial statements used for tax purposes than it would be in the general purpose financial statements?
A. Cash.
B. Gross property, plant, and equipment.
C. Accumulated depreciation.
D. Retained earnings.
Answer: D
Explanation:
Because the tax basis uses an accelerated method, depreciation expense and accumulated depreciation will be greater. Moreover, taxable income will be lower than financial net income. Consequently tax-basis retained earnings will be less than that in the general purpose financial statements. Copper Co. had the pre-closing trial balance at December 31 shown below. Additional information: The balance of opening inventory was US $140,000. The long-term debt pays interest at a rate of 10% per annum, payable every 12 months. The debt was issued on July 1 of the current year and originally had 5 years to maturity. The assets classified as property, plant, and equipment have a 10-year estimated useful life and were 1 year old at the start of the current year Straight-line depreciation is used.
NEW QUESTION: 2
A. Option D
B. Option A
C. Option B
D. Option C
Answer: C
NEW QUESTION: 3
DRAG DROP
You are validating whether a SQL Server Integration Services (SSIS) package named Master.dtsx in the SSIS catalog is executing correctly.
You need to display the number of rows in each buffer passed between each data flow component of the package.
Which three actions should you perform in sequence? (To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.) Select and Place:
Answer:
Explanation:
Explanation/Reference:
http://sqlblog.com/blogs/jamie_thomson/archive/2012/09/03/36994.aspx
NEW QUESTION: 4
Which command must be entered when a device is configured as an NTP server?
A. ntp peer
B. ntp authenticate
C. ntp server
D. ntp master
Answer: D
Explanation:
Explanation
To configure a Cisco device as an Authoritative NTP Server, use the ntp master [stratum] command.To configure a Cisco device as a NTP client, use the command ntp server <IP address>. For example:Router(config)#ntp server 192.168.1.1. This command will instruct the router to query 192.168.1.1 for the time.
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