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NEW QUESTION: 1
The purpose of an entry that contains a debit to prepaid property taxes and a credit to property tax expense is to recognize a(n):
A. Expired cost.
B. Prepaid income.
C. Prepaid expense.
D. Accrued expense.
Answer: C
Explanation:
An entry debiting prepaid property taxes and crediting property tax expense is needed at the balance sheet date when prepayments are initially recorded in an expense account.
This adjusting entry defers expense recognition to the future period in which the property taxes apply.
NEW QUESTION: 2
A. Option C
B. Option A
C. Option D
D. Option B
Answer: C
NEW QUESTION: 3
Loopback from R1 can't ping loopback of R3 (192.168.254.1/24). An ACL is configured on R3 that only permits 192.168.0.0 0.0.0.255. What changes need to occur so R1 can ping R3 loopback?
A. ip access-list extended 101
no 30
30 permit 192.168.0.0 0.0.0.255
B. ip access-list extended 101
no 30
30 permit 192.168.0.0 0.0.255.255
C. ip access-list extended 101
no 100
Answer: B
NEW QUESTION: 4
Refer to the exhibit.
Based on the LACP neighbor status, in which mode is the SW1 port channel configured?
A. mode on
B. active
C. auto
D. passive
Answer: D
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