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IFSE Institute LLQP - Life License Qualification Program (LLQP) Exam Braindumps

IFSE Institute LLQP - Life License Qualification Program (LLQP) Exam Braindumps

  • Certification Provider:IFSE Institute
  • Exam Code:LLQP
  • Exam Name:Life License Qualification Program (LLQP) Exam Exam
  • Total Questions:276 Questions and Answers
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NEW QUESTION: 1
With Path Selection, what happens to traffic destined for a remote site where no uplinks have been configured?
A. Traffic to that site will be blackholed as there is no path back to the source site.
B. The local Steelhead will probe the remote Steelhead for its default gateway.
C. Only the default path can be used as the Steelheads on each site won't be able to agree on a path.
D. Remote uplink configuration is not needed so path selection will be applied normally.
Answer: D
Explanation:
Explanation
Reference
https://support.riverbed.com/bin/support/static/oc1r4qa2pks6172bsj6fte42p4/html/dhatalm0otkq7neeb7h9e9dl8j/

NEW QUESTION: 2
Wallace purchased 500 shares of Kingpin, Inc. 15 years ago for $25,000. Wallace has worked as an
owner/employee and owned 40% of the company throughout this time. This year, Kingpin, which is not an
S corporation, redeemed 100% of Wallace's stock for $200,000. What is the treatment and amount of
income or gain that Wallace should report?
A. $175,000 long-term capital gain.
B. $175,000 ordinary income.
C. $0
D. $200,000 long-term capital gain.
Answer: A
Explanation:
Explanation
Choice "b" is correct. An investment in a capital asset (e.g., stock) results in the income being capital
(either a capital loss or a capital gain). Ownership percentage is not a factor in the calculation, and, in this
question, nor is the fact that the corporation is not an S corporation. The calculation is simple:
Wallace invested $25,000 in the stock and received $200,000 for 100% of his investment 15 years later.
The capital gain is $175,000 ($200,000 - $25,000), and it is considered long-term because the stock was
held for greater than one year.
Choice "a" is incorrect. There is $175,000 of gain on the transaction ($200,000 - $25,000). This type of
transaction is not a transaction that is excluded from tax in the tax code.
Choice "c" is incorrect. An investment in a capital asset (e.g., stock) results in the income being capital
(either a capital loss or a capital gain). Although the calculation of the income is correct (i.e., $175,000),
ordinary income is not the proper treatment for this transaction.
Choice "d" is incorrect. Although this transaction does result in a long-term capital gain, Wallace has basis
in the stock ($25,000), and the gain is calculated as the proceeds from the sale ($200,000) less the basis
in the stock.

NEW QUESTION: 3
HP Storage solutions provide cost effective support for Exchange 2010 /2013 features such as centralized message archiving, consistent enforcement of retention policies, elimination of local PST files, and legal e-discovery and hold process features. How does this separate HP from the competition?
A. HP has the best risk mitigation.
B. HP has the best messaging expertise.
C. HP has the best storage expertise.
D. HP has the best Total Cost of Ownership (TCO).
Answer: C

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