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NEW QUESTION: 1
This concept, which holds that a company should record the amounts associated with its business transactions in monetary terms, assumes that the value of money is stable over time. This concept provides objectivity and reliability, although its relevance may fluctuate. From the following answer choices, choose the name of the accounting concept that matches the description.
A. Measuring-unit concept
B. Full-disclosure concept
C. Time-period concept
D. Cost concept
Answer: A
NEW QUESTION: 2
Which of the following is not a direct cause of autocorrelation or heteroskedasticity in the residuals of a regression model?
A. A high positive correlation between two explanatory variables
B. Using an inappropriate functional form in the model
C. The omission of a relevant explanatory variable
D. A structural break in the dependent variable
Answer: A
NEW QUESTION: 3
Which three statements are correct about RIP version 2? (Choose three)
A. It does not send the subnet mask any updates.
B. It is a classless routing protocol.
C. It has the same maximum hop count as RIP version 1.
D. It uses broadcast for its routing updates.
E. It has a lower default administrative distance then RIP version 1.
F. It supports authentication.
Answer: B,C,F
Explanation:
A and E are correct according to the theory of RIP.
RIP version 1 updates are broadcasts, and RIP version 2 updates are multicast to
224.0.0.9 -> B is not correct.
RIP v1 is a classful routing protocol but RIP v2 is a classless routing protocol -> C is correct.
RIPv1 and RIPv2 have the same default administrative distance of 120 -> D is not correct.
RIPv2 is a classless routing protocol so it does send the subnet mask in updates -> F is not correct.
NEW QUESTION: 4
In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?
Please choose the correct answer.
Response:
A. Use the same fiscal year variant for all company codes and set up parallel accounting
for company codes that have different fiscal years.
B. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.
C. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.
D. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.
Answer: B
