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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. Correction of an error in previously presented financial statements.
B. Change in accounting principal.
C. Change in accounting estimate.
D. Neither an accounting change nor an accounting error.
Answer: B

NEW QUESTION: 2
When troubleshooting LDP operations on the Cisco IOS and IOS XE routers, what is one of the first things that should be verified?
A. verify if there are any access lists that are denying TCP and UDP port 464 packets
B. check if the ip cef command has been enabled
C. if running OSPF as the IGP, ensure that OSPFv3 has been enabled
D. verify in the running configurations that all of the required LDP interfaces are defined under the mpls ldp command configuration mode
Answer: B

NEW QUESTION: 3

A. Option A
B. Option C
C. Option D
D. Option B
Answer: D