CompTIA CLO-002 Q&A - in .pdf

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  • Exam Code: CLO-002
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NEW QUESTION: 1
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is
preferable, accounting for these long-term contracts was switched from the completed-contract method to
the percentage-of-completion method.
List A (Select one)
A. Change in accounting principal.
B. Change in accounting estimate.
C. Correction of an error in previously presented financial statements.
D. Neither an accounting change nor an accounting error.
Answer: A
Explanation:
Choice "a" is correct. Switching from the completed-contract method of accounting to the percentage-of
completion method is a "change in accounting principle."

NEW QUESTION: 2
Your client wants to use a central RADIUS server for management authentication when connecting to the FortiGate GUI and provide different levels of access for different types of employees.
Which three actions are required to provide the requested functionality? (Choose three.)
A. Set the RADIUS authentication type to MS-CHAPv2.
B. Create multiple administrator profiles with matching RADIUS VSAs.
C. Enable accprofile-overridein the CLI.
D. Enable radius-vdom-overrideon the CLI.
E. Create a wildcard administrator on the FortiGate.
Answer: C,D,E

NEW QUESTION: 3
What is Telephone Applications Program Interface (TAPI) Route Point?
A. Virtual device within the Network Call Processor (NCP) to which outbound calls can be mapped, allowing 3rd party applications to make intelligent routing decisions for the call
B. An NBX feature enabled in the System / TAPI Setup menu that provides intelligent Layer 3 IP routing for TAPI messages on a multi-system, company-wide bases
C. Virtual device within the Network Call Processor (NCP) to which inbound calls can be mapped for a 3rd party application that monitors the route point and makes intelligent call route decisions
D. Virtual Network Call Processor (NCP) device or third party application that monitors and maps incoming calls, allowing the NCP to make intelligent routing decisions for the call
Answer: C

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