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NEW QUESTION: 1
Which two items represent the features of Call Home on the Cisco Unified Computing System? (Choose two.)
A. SNMP trap receiver
B. send email alerts to administrators
C. syslog
D. send fault details to Cisco TAC
E. central repository of normalized fault data
Answer: B,D
NEW QUESTION: 2
Doris and Lydia are equal partners in the capital and profits of Agee & Nolan, but are otherwise unrelated.
The following information pertains to 300 shares of Mast Corp. stock sold by Lydia to Agee & Nolan:
The amount of long-term capital loss that Lydia realized in 1988 on the sale of this stock was:
A. $3,000
B. $5,000
C. $0
D. $2,500
Answer: B
Explanation:
Explanation
Choice "a" is correct. $5,000 long term capital loss "realized" in 1988 by Lydia. Be careful, and always
check the question being asked. In this case, the question is how much of a capital loss Lydia realized in
1 988.
Choice "b" is incorrect. $3,000 represents the portion of the $5,000 realized loss that would currently be
recognized unless there were additional capital transactions resulting in gains. Remember that the
deduction for capital losses for an individual is limited to $3,000 each year.
Choice "c" is incorrect. $2,500 represents the pre-1986 portion of the $5,000 realized loss that would have
given rise to a recognized loss. Pre-1986 law required $2 of net long term loss to give the benefit of $1 of
tax deduction. Current law gives a dollar-for-dollar deduction limited to $3,000 in any year.
Choice "d" is incorrect. $0 would have been the amount of loss recognized if Lydia owned more than a
5 0% interest in the partnership. Losses realized on transactions between a partnership and a partner
owning more than a 50% interest are not deductible as the parties would be considered related and any
realized loss would be disallowed.
NEW QUESTION: 3
Click the Exhibit button.
You have a FAS8200 HA pair with disks that are evenly split between nodes A and B.
When a disk fails, the replacement disk must automatically assign back to the originally assigned controller, A or B.
Referring to the exhibit, which disk auto assign policy satisfies this requirement?
A. default
B. stack
C. shelf
D. bay
Answer: C
NEW QUESTION: 4
Morgan Inc. was organized on January 2, 1997 with the following capital structure: 10% cumulative preferred stock, par value $100 and liquidation value $105; authorized, issued and outstanding
1,000shares, $100,000 Common stock, par value $25; authorized 100,000 shares; Issued and outstanding
10,000 shares, $250,000 Morgan had net income of $450,000 for its first year, but no dividends were declared. How much was Morgan's book value per preferred share at December 31, 1997?
A. $100
B. $145
C. $115
D. $105
E. $110
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The book value per share of cumulative preferred stock is its liquidation value plus any dividends in arrears. Thus, the book value per preferred share is the $105 liquidation value plus $10 ($100 X 10%) of dividends in arrears, or $115.