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NEW QUESTION: 1
On September 22, Year 1, a corporation purchased merchandise from an unaffiliated foreign entity for 10.000 units of the foreign entity's local currency. On that date, the spot rate was US $.55. The corporation paid the bill in full on March 20. Year 2, when the spot rate was US $.65. The closing rate was US $.70 on December 31, Year 1. What amount should the corporation report as a foreign currency transaction loss in its income statement for the year ended December 31, Year 1?
A. US $1,000
B. US $0
C. US $500
D. US $1.500
Answer: D
Explanation:
A receivable or payable fixed in a foreign currency is adjusted to its current exchange rate at each balance sheet date. The resulting gain or loss should ordinarily be included in determining profit or loss. It is the difference between the spot rate on the date the transaction originates or the rate applied in the prior year) and the closing rate. Thus, the Year 1 transaction loss for Yumi Corp. is US $1,500 [10.000 units$0.55 - $0.70)].

NEW QUESTION: 2

A. ip verify source port-security
B. ip verify unicast reverse-path
C. ip verify reverse-path interface <interface name>
D. ip source-route
Answer: B

NEW QUESTION: 3
To manage the wireless network separately, an IT administrator created several virtual domains on the Cisco WCS. APs and WLCs were assigned to these virtual domains. However, when the IT staff logs into the Cisco WCS, they are assigned to the default root domain. The Cisco WCS login request is authenticated by an external RADIUS server. What needs to be configured next to solve this problem?
A. The administrator needs to change to TACACS+ authentication because the virtual domain cannot be assigned via RADIUS authentication.
B. The IT administrator needs to add the correct attribute in the RADIUS server to assign the administrator to the proper virtual domain.
C. The IT administrator needs to add local user accounts in the Cisco WCS.
D. The IT administrator needs to configure the user group settings to map users to the proper virtual domain.
E. Users need to manually select the proper virtual domain after logging into the root domain.
Answer: B

NEW QUESTION: 4
Which of the following is an entry in an object's discretionary access control list (DACL) that grants permissions to a user or group?
A. Security Identifier (SID)
B. Access control entry (ACE)
C. Discretionary access control entry (DACE)
D. Access control list (ACL)
Answer: B