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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. If the option expires without being exercised, how
is the premium expense treated by Bubba?
A. as a $600 capital gain
B. as a $600 capital loss
C. $600 is added to his acquisition cost for the stock
D. $600 is held in abeyance until the stock is eventually sold
Answer: B
Explanation:
a $600 capital loss. The amount of premium paid is the cost and the recovery is zero,
resulting in a $600 capital loss.
NEW QUESTION: 2
A. BPDU guard
B. EtherChannel
C. BPDU filtering
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Your company is switching from Microsoft Skype for Business to Microsoft Teams.
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Which report should you use?
A. MOMReturingUsers
B. Active users(%)
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D. MOMReturningUsers(%)
Answer: B
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