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NEW QUESTION: 1
In recording transactions, which of the following best describes the relation between expenses and losses?
A. Losses are extraordinary charges to income, whereas expenses are ordinary charges to income.
B. Losses are expenses that may or may not arise in the course of ordinary activities.
C. Losses are material items, whereas expenses are immaterial items.
D. Expenses can always be prevented, whereas losses can never be prevented.
Answer: B
Explanation:
Expenses are defined as "decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrence's of liabilities that result in decreases in equity, other than those relating to distributions to equity participants."
Expenses include losses. Thus, losses are not treated as separate elements. Expenses include items arising in the course of ordinary activities. Losses meet the definition of expenses but may or may not occur in the course of ordinary activities. For example, losses may result from the sale of noncurrent assets or from natural disasters.
NEW QUESTION: 2
Which of the following are types of keynotes?
A. User
B. Material
C. Structure
D. Element
Answer: A,B,D
NEW QUESTION: 3
Which command do you enter to troubleshoot a misconfigured EtherChannel?
A. CORE-SW (config-if)#spanning-tree loopguard default
B. CORE-SW (config)#spanning-tree etherchannel guard misconfig
C. CORE-SW (config-if)#spanning-tree etherchannel guard misconfig
D. CORE-SW (config-if)#spanning-tree guard root
Answer: C
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