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NEW QUESTION: 1
An app builder wants to streamline the user experience by reflecting summarized calculation of specific fields on various objects.
Which three fields types should be used in roll-up summary fields to accomplish this?
Choose 3 answer
A. Date
B. Percent
C. Time
D. Checkbox
E. Currency
Answer: A,B,E
NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting
error.
Item to Be Answered
Quo changed from FIFO to average cost to account for its raw materials and work in process inventories.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Neither an accounting change nor an accounting error.
C. Change in accounting principal.
D. Change in accounting estimate.
Answer: C
Explanation:
Choice "a" is correct. Change in inventory pricing method from FIFO to average cost is a change in
accounting principle.
NEW QUESTION: 3
A customer has deployed Nutanix with Esxi for VDI workloads and is considering Nutanix for a major server virtualization project. The customer is running z/Virtual Machine today for a mission critical workload and would like to consider Nutanix as a potential platform.
Which reason would currently disqualify this prospect as an opportunity?
A. Accurate sizing information is not available
B. New hardware will be announced next quarter.
C. There is no assurance of project progression yet.
D. Nutanix does not support z/OS or z/VM
Answer: A
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