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NEW QUESTION: 1
On August 31, 1992, Harvey Co. decided to change from the FIFO periodic inventory system to the
weighted average periodic inventory system. Harvey is on a calendar year basis. The cumulative effect of
the change is determined:
A. During the eight months ending August 31, 1992, by a weighted average of the purchases.
B. As of August 31, 1992.
C. During 1992 by a weighted average of the purchases.
D. As of January 1, 1992.
Answer: D
Explanation:
Rule: The cumulative effect of a change in accounting principle equals the difference between retained
earnings at the beginning of period of the change and what retained earnings would have been if the
change was applied to all affected prior periods. Choice "a" is correct. As of January 1, 1992, the
beginning of the year. This assumes that the company is not presenting comparative financial statements.
If comparative financial statements are presented, then the adjustment is made to the beginning retained
earnings of the earliest year presented. Choice "b" is incorrect. The cumulative effect of the change is not
determined as of the date the decision is made. Choices "c" and "d" are incorrect. The cumulative effect of
the change is not determined by a weighted average. (A far out distractor.)
NEW QUESTION: 2
Why would a client ask for an ROI calculation for a proposed IBM storage solution?
A. To measure the financial benefit of an investment over a given period
B. To measure the overall OPEX and CAPEX
C. To determine how a lease is a better option than a purchase
D. To measure the time until an investment id depreciated
Answer: A
NEW QUESTION: 3
PHIの保管に関する法令遵守の目標を達成するためには、脆弱性スキャンを継続的に実施する必要があります。 ネットワークの最後のスキャンで5,682件の脆弱性が発見されました。 最高情報責任者(CIO)は、すべての既知の問題を解決するための改善計画を策定したいと考えています。 次のうちどれを進めるのがベストな方法ですか?
A. 現在の脆弱性のリストが解決されるまで、追加スキャンを延期してください。
B. スキャンを、資産インベントリでクリティカルであると識別されたアイテムに減らし、まずこれらの問題を解決します。
C. すべての偽陽性と例外を特定し、残りのすべての項目を解決しようとします。
D. PHIを処理するアセットをサンドボックス環境に配置し、すべての脆弱性を解決します。
Answer: B
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