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NEW QUESTION: 1
Bungling, Inc., is currently facing a lawsuit as a defendant. Its honest lawyers estimate that there is a 60-40 chance that Bungling will lose the lawsuit. The jury could award the plaintiff punitive damages ranging from
$10,000 to $50,000. Bungling should
A. not recognize any liability but disclose the details in footnotes.
B. recognize a liability of $10,000 on its balance sheet.
C. recognize a liability of $50,000 on its balance sheet as a conservative estimate.
D. not do anything since the lawsuit is still not decided and considerable uncertainty exists.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
If considerable uncertainty exists in measurement of an asset or a liability arising from events like a lawsuit, disclosure must occur in footnotes. The disclosure includes the nature of the contingency and an estimate or a range of estimates about the possible losses.
NEW QUESTION: 2
When creating TM1 applications using Performance Modeler, what are the three legal values for Application Type? (Choose three.)
A. Distributed
B. Responsibility
C. Approval
D. Workflow
E. Central
Answer: B,C,E
NEW QUESTION: 3
In a MPLS VPN network two-layer mpls labels are added into data packets before they are transmitted over the public network, which of the following statements regarding data packet processing are true?
A. The IP data packet received by the peer PE does not carry labels.
B. The peer PE sends the data packet to the correct VPN based in the inner label.
C. The penultimate hop removes the outer label before forwarding the data packet to a peer PE
D. The penult hope removes the outer label if the outer label in the data packet is explicit null label 3
Answer: B,C
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DP-300 Exam Info
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DP-300 Exam Topics
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DP-300 Offcial Page
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