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NEW QUESTION: 1
A. Option D
B. Option C
C. Option A
D. Option B
Answer: D
NEW QUESTION: 2
Which of the following descriptions about the difference between VDI and IDV are correct? (Multiple choice)
A. The VDI terminal is only responsible for access, not the service, while the IDV terminal carries the service
B. There are no special requirements for the hardware of VDI terminal and IDV terminal
C. If the IDV solution needs to re-download the image if the terminal is replaced, the VDI solution does not require this operation
D. VDI has high data security, while IDV has low data security
Answer: A,C,D
NEW QUESTION: 3
A firm using LIFO accounting has a LIFO reserve of 900, with a LIFO ending inventory of 8,100. It is currently in the 40% tax bracket. If it switches to FIFO accounting, which of the following is true?
I. Its ending FIFO inventory equals 7,200
II. Its deferred taxes decrease by 360
III. Its equity increases by 540
A. III only
B. I & III
C. II & III
D. I, II & III
Answer: A
Explanation:
Explanation/Reference:
Explanation:
LIFO Reserve = FIFO Ending inventory value - LIFO Ending inventory value Therefore, the ending inventory under FIFO = 8,100 + 900 = 9,000. The deferred taxes increase by 900*0.4 = 360 and the equity increases by 900*(1-0.4) = 540.