NABCEP PVIP Q&A - in .pdf

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NEW QUESTION: 1
UV entered into a five year non-cancellable operating lease for an asset two years ago. Lease payments are settled annually in arrears.
At the year end, UV no longer requires this leased asset as they have decided to discontinue the product line that it was used for.
At this date UV had made two out of the five lease payments.
Which of the following statements about the unavoidable lease payments is true in accordance with IAS
37 Provisions, Contingent Liabilities and Assets?
A. A provision should be recognised for the unavoidable lease payments with a corresponding charge to profit or loss.
B. A provision should be recognised for the unavoidable lease payments with a corresponding charge to other comprehensive income.
C. The amount of the unavoidable lease payments should be ignored in the financial statements.
D. The amount of the unavoidable lease payments should be disclosed in the financial statements with no corresponding accounting entry.
Answer: A

NEW QUESTION: 2
V project manager needs to identify the resources assigned to a particular task. In which of the following documents can this information be found?
A. Cost plan
B. Impact assessment
C. Scope statement
D. Project schedule
Answer: C

NEW QUESTION: 3
Your network consists of a single Active Directory domain. All domain controllers run Windows Server 2003.
You upgrade all domain controllers to Windows Server 2008 R2. You need to ensure that the Sysvol share
replicates by using DFS Replication (DFS-R).
What should you do?
A. From the command prompt, run dcpromo /unattend:unattendfile.xml.
B. Raise the functional level of the domain to Windows Server 2008 R2.
C. From the command prompt, run dfsutil /addroot:sysvol.
D. From the command prompt, run netdom /reset.
Answer: B

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