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NEW QUESTION: 1
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting
error.
Item to Be Answered
As a result of a production breakthrough, Quo determined that manufacturing equipment previously
depreciated over 15 years should be depreciated over 20 years.
List A (Select one)
A. Neither an accounting change nor an accounting error.
B. Correction of an error in previously presented financial statements.
C. Change in accounting estimate.
D. Change in accounting principal.
Answer: C
Explanation:
Choice "b" is correct. Change in lives of fixed assets is a change in accounting estimate.
NEW QUESTION: 2
When designing a Case management solution to increase agent productivity, which Service Cloud features should you consider first? Select 2 correct answers.
A. Case assignment rules
B. Case queues
C. Case custom report
D. Case dashboards
Answer: A,B
NEW QUESTION: 3
Routers RR1 and RR2 are configured as route reflectors. For the inter-AS model C VPRN, which of the following about the BGP sessions established between the routers is TRUE?
A. PE1 has a total of two BGP sessions established: one with RR1 and one with PE2.
B. RR1 has a total of three BGP sessions established: one with PEL one with RR2, and one with ASBRL
C. PE2 has a total of two BGP sessions established: one with RR2 and one with ASBR2.
D. ASBR2 has a total of three BGP sessions established: one with PE2, one with RR2, and one with ASBR1.
Answer: B
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