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NEW QUESTION: 1
A. Option C
B. Option D
C. Option B
D. Option A
Answer: D
NEW QUESTION: 2
Which two features can an administrator install as part of the Enterprise Server Option
(ESO)? (Select two.)
A. Shared Storage Option (SSO)
B. Advanced Disk Based Backup Option (ADBO)
C. Central Administration Server Option (CASO)
D. VTL Unlimited Drive Option (VUDO)
E. Library Expansion Option (LEO)
Answer: A,C
NEW QUESTION: 3
While preparing its 1991 financial statements, Dek Corp. discovered computational errors in its 1990 and
1 989 depreciation expense. These errors resulted in overstatement of each year's income by $25,000,
net of income taxes. The following amounts were reported in the previously issued financial statements:
Dek's 1991 net income is correctly reported at $180,000. Which of the following amounts should be
reported as prior period adjustments and net income in Dek's 1991 and 1990 comparative financial
statements?
A. Option C
B. Option D
C. Option A
D. Option B
Answer: A
Explanation:
Choice "c" is correct. 1990 ($25,000) $125,000 1991 -- 180,000
Because these are comparative financial statements, prior period adjustments require retroactive
treatment for the years presented. Because 1989 is not presented, the 1989 correction is shown as a prior
period adjustment of $25,000 to retained earnings statement of 1990.
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