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NEW QUESTION: 1
A company has 100GB of data that needs to be automatically backed up daily, and needs to be stored for 20 years. Which of the following backup media is the BEST solution for archiving the server data?
A. Tape
B. SAN
C. Flash
D. Optical
Answer: A
NEW QUESTION: 2
Which of the following are methods that can be used to access System Information? (Choose two)
A. Open a query then click a computer in the report
B. Select computer properties under system actions
C. Click a computer in the system tree
D. Open the computer property query under reports
Answer: A,C
NEW QUESTION: 3
On December 2, 20X1, Flint Corp.'s board of directors voted to discontinue operations of its frozen food
division and to sell the division's assets on the open market as soon as possible. The division reported net
operating losses of $20,000 in December and $30,000 in January. On February 26, 20X2, sale of the
division's assets resulted in a gain of $90,000. Assuming that the frozen foods division qualifies as a
component of the business and ignoring income taxes, what amount of gain/loss from discontinued
operations should Flint recognize in its income statement for 20X2?
A. $40,000
B. $60,000
C. $0
D. $90,000
Answer: B
Explanation:
Choice "c" is correct. The $60,000 gain from discontinued operations would be reported in Flint's 20X2
income statement. The operating loss for January would offset the gain from disposal in February, and the
net amount would be reported as a gain (in this case) from discontinued operations. The operating losses
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above. It would be correct if all of the gains and losses were included in 20X1 instead of 20X2. However,
gains and losses from discontinued operations are included in the year they occur. Choice "b" is incorrect.
It includes the operating loss for December, 20X1 in with the 20X2 amounts. Choice "d" is incorrect. It
ignores the January operating loss. Operating losses are included in gain/loss from discontinued
operations, along with impairment losses and gains/losses on disposal.
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