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NEW QUESTION: 1
Firms A and B are identical. In one year, Firm A's statements have the beginning inventory understated and the ending inventory overstated. Then,
I. A's tax payment is higher.
II. B's tax payment is higher.
III. B shows a higher income.
IV. A shows a higher income.
A. I & III
B. II & III
C. II & IV
D. I & IV
Answer: D
Explanation:
Explanation/Reference:
Explanation:
COGS = Beginning inventory - Ending inventory + Purchases. Hence, if BI is understated and EI overstated, COGS is understated, implying income is overstated. Hence, Firm A will show higher income and pay higher taxes. It should be remembered that implicit in the use of the above inventory equation is the assumption that there have been no write-downs or write-ups in the inventory.
NEW QUESTION: 2
DRAG DROP
A Company named Contoso Ltd deploys exchange server 2010.
An administrator at Contoso reports the following performance issues:
* When a user runs a complex search query from Microsoft Outlook, the resources on the Mailbox servers are consumed rapidly for two minutes.
* An internal application retrieves user mailbox data by using multiple Exchange
Web Services (EWS) connections to Exchange Server. The application developer observes intermittent delays when accessing the user mailboxes
You need to recommend a solution to resolve the performance issues.
Which cmdlet should you use to resolve each issue? To answer, drag the
appropriate cmdlets to the correct issues.
Answer:
Explanation:
NEW QUESTION: 3
A. Option B
B. Option D
C. Option C
D. Option A
Answer: D
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