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NEW QUESTION: 1
Which of the following is/are TRUE under GAAP?
I. The change in the assets of a firm net of the change in liabilities represents a change in the total equity of the firm.
II. If the assets of the firm increase by $100 and liabilities remain unchanged, the common stock equity increases by $100.
III. A firm can increase its assets by borrowing money and keeping it as cash reserve.
IV. A firm can increase its equity by borrowing money and keeping it as cash reserve.
A. I, II & III
B. I & II
C. I & III
D. II only
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Use the basic equation, Assets = Liabilities + Total Equity.
II is false since you need "Total equity" comprises of common stock as well as other forms of equity like preferred issues. IV is false since the borrowing increases only the liabilities while the cash increases only the assets, leaving equity unchanged.

NEW QUESTION: 2
Your company sells a customer two desktop computers. Both of the computers have Windows
7 Professional preinstalled. One of the computers
also has Microsoft Office Home and Business 2010 preinstalled. The customer contacts you 120 days after the sale requesting to install Office Home and Business 2010 on the computer that was shipped without Office 2010 installed. You need to provide a solution to license Office
2010 on the computer.
The solution must minimize costs.
What should you do?
A. Instruct the customer to use the product key that came with the other computer.
B. Sell the customer an OEM license of Office Home and Business 2010.
C. Instruct the customer to contact Microsoft for an additional Office Home and Business 2010 product key.
D. Sell the customer a Full Packaged Product (FPP) license of Office Home and Business 2010.
Answer: D
Explanation:
A,B: The OEM license is tied to the computer system with which it has been sold and cannot be transferred to another computer (i.e. lives and dies on a single machine). C: OEM stands for "Original Equipment Manufacturer" and it can only come pre-installed with a new computer.

NEW QUESTION: 3
Which Cisco ASA's Unified Communications proxy feature manipulates both the signaling and the media channels?
A. Phone Proxy
B. CUMA Proxy
C. TLS Proxy
D. SIP Proxy
E. H.323 Proxy
Answer: A