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NEW QUESTION: 1
According to the FASB conceptual framework, which of the following statements conforms to the realization concept?
A. Cash was collected on accounts receivable.
B. Product unit costs were assigned to cost of goods sold when the units were sold.
C. Depreciated equipment was sold in exchange for a note receivable.
D. Equipment depreciation was assigned to a production department and then to product unit costs.
Answer: C
NEW QUESTION: 2
During VxRail initial deployment the build fails. Support requests that logs be downloaded manually.
Which logs should be collected?
A. /var/log/vmware-installer
B. /var/log/mystic/web.log
C. /var/log/vmware/marvin/tomcat/logs/marvin.log only
D. All files and folders under /var/log/vmware
Answer: B
Explanation:
Reference: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjA7rnpv9LWAhUkB8AKHQaxAXkQFggsMAA&url=https%3A%2F%2Fcommunity.emc.com%2Fthread%2F237521&usg=AOvVaw2X3ZW_W6B6mmZpNdm3aaMf
NEW QUESTION: 3
Which of the following persons is not permitted to open an investment account?
I. a general partnership
II. a corporation
III. the executor of an estate
IV. a 16-year-old entrepreneur
A. IV only
B. I, II, and IV only
C. I and II only
D. I, II, and III only
Answer: A
Explanation:
Only the 16-year-old entrepreneur is not permitted to open an investment account. As a
minor, he is not a legal person. All the other selections are legal persons and can establish investment
accounts.
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