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NEW QUESTION: 1
Click the exhibit.

PE1 and PE2 are Alcatel-Lucent 7750 SRs. What needs to be added to PE1's configuration to mirror traffic between PE2 and the customer site?
A. A "remote-source" needs to be added to the mirror destination on PEL
B. A mirror source needs to be added to PE1 with a "remote-source".
C. This is not possible since the protocol analyzer is located at the Central Office. It needs to be at the customer site.
D. A mirror source with SAP 1/1/2 needs to be added on PEL
Answer: A

NEW QUESTION: 2
Wallace purchased 500 shares of Kingpin, Inc. 15 years ago for $25,000. Wallace has worked as an
owner/employee and owned 40% of the company throughout this time. This year, Kingpin, which is not an
S corporation, redeemed 100% of Wallace's stock for $200,000. What is the treatment and amount of
income or gain that Wallace should report?
A. $175,000 long-term capital gain.
B. $0
C. $200,000 long-term capital gain.
D. $175,000 ordinary income.
Answer: A
Explanation:
Explanation
Choice "b" is correct. An investment in a capital asset (e.g., stock) results in the income being capital
(either a capital loss or a capital gain). Ownership percentage is not a factor in the calculation, and, in this
question, nor is the fact that the corporation is not an S corporation. The calculation is simple:
Wallace invested $25,000 in the stock and received $200,000 for 100% of his investment 15 years later.
The capital gain is $175,000 ($200,000 - $25,000), and it is considered long-term because the stock was
held for greater than one year.
Choice "a" is incorrect. There is $175,000 of gain on the transaction ($200,000 - $25,000). This type of
transaction is not a transaction that is excluded from tax in the tax code.
Choice "c" is incorrect. An investment in a capital asset (e.g., stock) results in the income being capital
(either a capital loss or a capital gain). Although the calculation of the income is correct (i.e., $175,000),
ordinary income is not the proper treatment for this transaction.
Choice "d" is incorrect. Although this transaction does result in a long-term capital gain, Wallace has basis
in the stock ($25,000), and the gain is calculated as the proceeds from the sale ($200,000) less the basis
in the stock.

NEW QUESTION: 3
You use parallelism to calculate a year-to-date value quickly, and you elimi- nate a table from the database. What are some of the implications of this action?
There are 3 correct answers to this question.
Response:
A. Less code
B. Faster inserts into the database
C. Smaller database backups
D. Better user interfaces
E. Faster response times
Answer: A,C,E

NEW QUESTION: 4
Which one of the following four regulatory drivers for operational risk management includes risk and control
requirements for financial statements in the United States?
A. The Markets in Financial Instruments Directive
B. Basel II Accord
C. Solvency II
D. The Sarbanes-Oxley Act
Answer: D