CSI CSC2 Q&A - in .pdf

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  • Exam Code: CSC2
  • Exam Name: Canadian Securities Course Exam2
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NEW QUESTION: 1
Which two options represent definitions that are found in the syslog protocol (RFC 5426)? (Choose two.)
A. Each syslog datagram must contain only one message.
B. Syslog messages must be prioritized with an IP precedence of 7.
C. Syslog servers must use NTP for the accurate time stamping of message arrival.
D. IPv6 syslog receivers must be able to receive datagrams of up to 1180 bytes.
E. Syslog message transport is reliable.
Answer: A,D

NEW QUESTION: 2
Elm Corp. is an accrual-basis calendar-year C corporation with 100,000 shares of voting common stock
issued and outstanding as of December 28, 1996. On Friday, December 29, 1996, Hall surrendered 2,000
shares of Elm stock to Elm in exchange for $33,000 cash. Hall had no direct or indirect interest in Elm
after the stock surrender. Additional information follows:

What amount of income did Hall recognize from the stock surrender?
A. $25,000 dividend.
B. $17,000 capital gain.
C. $33,000 dividend.
D. $18,000 capital gain.
Answer: B
Explanation:
Explanation
Choice "d" is correct. $17,000 capital gain.
Amount realized:

Choices "a" and "b" are incorrect. Dividends are distributions of earnings. These proceeds are from the
sale of stock.
Choice "c" is incorrect, per above. Accumulated earnings and profits do not effect the gain calculation,
they only affect the taxability of dividends paid to shareholders.

NEW QUESTION: 3
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Answer:
Explanation:

Explanation
On premise: customizable,specific requirements,resources
Cloud: scale, built-in automated backup, strong stable internet


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