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NEW QUESTION: 1

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

NEW QUESTION: 2
The network administrator created VLAN 10 on the Layer 3 switch and configured an IP address under the virtual interface of the VLAN. When the command "display ip interface brief" is used to check the port status, it is found that the VLANIF 10 interface is in the down state. What should be done to restore the VLANIF 10 interface to normal?
A. Assign any physical interface to VLAN 10
B. Assign a physical interface that must be Up to VLAN 10
C. Add an interface that must be Up and must be of type Trunk into VLAN 10
D. Use the command "undo shutdown" under VLANIF 10 interface
Answer: D

NEW QUESTION: 3
A firm has just experienced a LIFO liquidation under inflation. Which of the following could be true?
I. The firm's purchases were lower than the number of units sold.
II. The firm experienced a cash drain due to taxes.
III. The firm's income was understated.
A. II only
B. I & III
C. I, II & III
D. II & III
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The LIFO Reserve is defined as the difference between the values of the inventory under FIFO and under LIFO. A decrease in this reserve is referred to as LIFO liquidation. Under the usual case of rising prices, this occurs when units sold exceed units purchased, leading to a "dipping" into the LIFO layers. Since some of the goods sold were purchased at lower prices in previous periods as accounted for by LIFO, COGS gets understated compared to the case where the firm purchases the sold goods in the current period instead of dipping into the LIFO layers. Hence, the firm's income is overstated, leading to higher taxes paid.