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NEW QUESTION: 1
Which of the following statements related to the LIFO method of inventory valuation is false?
A. The LIFO conformity rule is a tax ruling prohibiting the use of LIFO for tax purposes unless it is also used for external financial reporting purposes.
B. Despite the many benefits of LIFO, it is used by fewer U.S. companies than both FIFO and weighted average.
C. Under LIFO, companies can manage earnings at the end of an accounting period by purchasing additional inventory.
Answer: B
Explanation:
LIFO is more commonly used than weighted average for inventory valuation purposes.
NEW QUESTION: 2
In which four areas does Cisco Smart Net Total Care provide support? (Choose four )
A. technical services and incident management
B. customer opportunity development
C. sales support management
D. product lifecycle management
E. security and product alerts
F. service coverage management
G. customer service management
Answer: A,D,E,F
Explanation:
https://www.cisco.com/c/en/us/products/collateral/cloud-systems-management/smart-net-total- care/datasheet-c78-735459.pdf
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A. The connection multiplicity is changed to a link with corners.
B. The connection remains Directed.
C. The connection is changed to Multiple.
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Answer: C
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