CIPS L4M2 Q&A - in .pdf

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  • Exam Name: Defining Business Needs
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NEW QUESTION: 1
Ocean Corp.'s comprehensive insurance policy allows its assets to be replaced at current value. The
policy has a $50,000 deductible clause. One of Ocean's waterfront warehouses was destroyed in a winter
storm. Such storms occur approximately every four years. Ocean incurred $20,000 of costs in dismantling
the warehouse and plans to replace it. The tax rate is 30%. The following data relate to the warehouse:
Current carrying amount $ 300,000
Replacement cost 1,100,000
What amount of gain should Ocean report as a separate component of income before extraordinary
items?
A. $730,000
B. $1,030,000
C. $0
D. $780,000
Answer: A
Explanation:
Choice "c" is correct. $730,000 gain reported as a separate component of income before extraordinary
items.


NEW QUESTION: 2
You need to prepare the New York office infrastructure for the migration of the on-premises virtual machines to Azure.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:
Explanation:

Explanation

References:
https://docs.microsoft.com/en-us/azure/site-recovery/vmware-azure-tutorial

NEW QUESTION: 3

A. Add-AzureVhd
B. Add-AzureVMImage
C. Update-AzureDisk
D. Update-AzureVMImage
E. Add-AzureDataDisk
Answer: B

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