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NEW QUESTION: 1
Mosh, a sole proprietor, uses the cash basis of accounting. At the beginning of the current year, accounts receivable were $25,000. During the year, Mosh collected $100,000 from customers. At the end of the year, accounts receivable were $15,000. What was Mosh's gross taxable income for the current year?
A. $110,000
B. $90,000
C. $100,000
D. $75,000
Answer: C
Explanation:
Explanation
Choice "c" is correct. The facts state that cash collections from customers were $100,000 and as a cash basis taxpayer this is the amount of Mosh's gross taxable income for the year. Note that according to the formula BASE - we can determine the amount of sales = $90,000, but that would give us accrual, not cash basis, income.
Choice "a" is incorrect. See explanation above.
Choice "b" is incorrect. $90,000 is the amount of sales that would be Mosh's taxable income if Mosh were an accrual basis taxpayer.
Choice "d" is incorrect. See explanation above.
NEW QUESTION: 2
Refer to the exhibit.
Which three statements about the given configuration are true? (Choose three.)
A. The TACACS+ server key is unencrypted.
B. TACACS+ server hosts are configured correctly.
C. TACACS+ authentication configuration is incomplete.
D. TACACS+ authentication configuration is complete.
E. TACACS+ server hosts are misconfigured.
F. The TACACS+ server key is encrypted.
Answer: A,B,C
NEW QUESTION: 3
Migration is using only one tape but more tape drives are available. Which stgpool option should be reviewed?
A. drives
B. mountpoints
C. numdrives
D. migprocess
Answer: D
Explanation:
Reference:https://publib.boulder.ibm.com/infocenter/tivihelp/v1r1/index.jsp?topic=%2Fcom.ibm.its maixn.doc%2Fanragd55296.htm(specifying multiple concurrent migration processes, first para)
NEW QUESTION: 4
An administrator inherits an Aruba Mobility Controller (MC) that has an unknown username and password.
Which credentials should the administrator enter to reset the administrator access?
A. Username: Aruba; Password: Reset!
B. Username: password; Password: forgetme!
C. Username: admin; Password: admin
D. Username: backdoor; Password:@ruba
Answer: C
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