CTFL_Syll2018 Practice Questions

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NEW QUESTION: 1
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery.
What is his resulting tax consequence?
A. neither profit nor loss
B. this is a wash sale and cannot be included in the investor's tax calculations
C. a $600 capital loss
D. cannot be determined without knowing the market price of XYZ upon exercise
Answer: C
Explanation:
Explanation/Reference:
Explanation: a $600 loss. The strike price and Bubba's purchase price are the same. He has a $600 loss on the option for the premium he paid.

NEW QUESTION: 2
In her old apartment, Hermione had trouble sleeping. She had difficulty falling asleep and would wake up several times in the night. Since Hermione moved from that apartment into her new home, she has been sleeping better. She is able to fall asleep quickly and usually stays asleep through the night. All of the following, if true, could account for the phenomenon described in the passage EXCEPT
A. Hermione was having difficulties in her relationship with her boyfriend right before she moved.
B. Hermione's apartment building was constructed prior to 1940, when stricter building codes were put into law.
C. Hermione had loud neighbors when she lived in the apartment.
D. Hermione was suffering from anxiety about buying a house and moving.
E. Hermione discovered that she was allergic to cats and gave her cat away when she moved.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The fact that her apartment building was constructed prior to 1940 is essentially irrelevant to her sleep difficulties in her apartment. All of the other factors, however, could logically account for her sleep difficulties and the fact that they disappeared once she moved.

NEW QUESTION: 3
Where is a Local Route Group configuration applied?
A. In each IP phone
B. In each location
C. In each device pool
D. In each route list
E. In each region
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
You have several Azure virtual machines on a virtual network named VNet1.
You configure an Azure Storage account as shown in the following exhibit.

Use the drop-down menus to select the answer choice that completes each statement based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation

Box 1: always
Endpoint status is enabled.
Box 2: Never
After you configure firewall and virtual network settings for your storage account, select Allow trusted Microsoft services to access this storage account as an exception to enable Azure Backup service to access the network restricted storage account.

Reference:
https://docs.microsoft.com/en-us/azure/storage/files/storage-how-to-use-files-windows
https://azure.microsoft.com/en-us/blog/azure-backup-now-supports-storage-accounts-secured-with-azure-storage