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NEW QUESTION: 1
If a company is not presenting comparative financial statements, the correction of an error in the financial
statements of a prior period should be reported, net of applicable income taxes, in the current:
A. Retained earnings statement after net income but before dividends.
B. Income statement after income from continuing operations and after extraordinary items.
C. Retained earnings statement as an adjustment of the opening balance.
D. Income statement after income from continuing operations and before extraordinary items.
Answer: C
Explanation:
Choice "b" is correct. The correction of an error in the financial statements of a prior period should be
reported, net of tax, in the current statement of retained earnings as an adjustment of the opening
balance.
Choice "a" is incorrect. The adjustment is before net income, not after net income.
Choices "c" and "d" are incorrect. Corrections of errors of prior periods go to retained earnings and do not
affect the income statement.
NEW QUESTION: 2
SIMULATION
Which directive is used in an OpenVPN server configuration in order to send network configuration information to the client? (Specify ONLY the option name without any values or parameters.)
Answer:
Explanation:
push
Explanation/Reference:
https://community.openvpn.net/openvpn/wiki/RoutedLans
NEW QUESTION: 3
Your network contains two DHCP servers named Server1 and Server2. Server1 and Server2 are located in
the same subnet. You configure a split scope named Scope1 on the DHCP servers.
You need to ensure that Server2 only responds to DHCP client requests if Server1 is unavailable.
What should you modify?
A. the Scope1 properties for Server2
B. the server options for Server1
C. the server options for Server2
D. the Scope1 properties for Server1
Answer: A
NEW QUESTION: 4
You are designing a Windows Communication Foundation (WCF) service that uses the Product class. You need to update the class to meet the storage requirement.
What should you do? (Each correct answer presents part of the solution. Choose all that apply.)
A. Mark the public members of the Product class with the DataContractFormat attribute.
B. Mark the Product class with the CollectionDataContract attribute.
C. Mark the public members of the Product class with the DataMember attribute.
D. Mark the Product class with the DataContract attribute.
Answer: C,D
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