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NEW QUESTION: 1
In 2001, Continental Supply Company was formed to provide drilling equipment and supplies to contractors and oilfield production companies located throughout the United States. At the end of 2005, Continental Supply created a wholly owned foreign subsidiary, International Oilfield Incorporated, to begin servicing customers located in the North Sea. International Oilfield maintains its financial statements in a currency known as the local currency unit (LCU). Continental Supply follows U.S. GAAP and its presentation currency is the U.S. dollar.
For the years 2005 through 2008, the weighted-average and year-end exchange rates, stated in terms of local currency per U.S. dollar, were as follows:

International Oilfield accounts for its inventory using the lower-of-cost-or-rnarlcet valuation method in conjunction with the first-in, first-out, cost flow assumption. All of the inventory on hand at the beginning of the year was sold during 2008. Inventory remaining at the end of 2008 was acquired evenly throughout the year.
At the beginning of 2006, International Oilfield purchased equipment totaling LCU975 million when the exchange rate was LCU 1.00 to SI. During 2007, equipment with an original cost of LCU 108 million was totally destroyed in a fire. At the end of 2007, International Oilfield received a LCU 92 million insurance settlement for the loss. On June 30, 2008, International Oilfield purchased equipment totaling LCU 225 million when the exchange rate was LCU 1.25 to $1.
For the years 2007 and 2008, Continental Supply reported International Oilfield revenues in its consolidated income statement of S375 million and $450 million, respectively. There were no inter- company transactions. Following are International Oilfield's balance sheets at the end of 2007 and 2008:

At the end of 2008, International Oilfield's retained earnings account was equal to $525 million and, to date, no dividends have been paid. All of International Oilfield's capital stock was issued at the end of
2005.
As compared to the temporal method, which of the following best describes the impact of the all-current method on International Oilfield's gross profit margin percentage for 2008 when stated in U.S. dollars? The gross profit margin would be:
A. the same.
B. lower.
C. higher.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
As compared to the temporal method, the all-current method will result in a higher gross profit margin percentage (higher numerator) when the local currency is depreciating as is the case in this scenario (the exchange rate has risen from LCU 1 per $1 to LCU 1.25 per $1; thus, it costs more LCUs to buy $1 which is the result of a depreciating LCU). Under the temporal method, COGS is remeasured at the historic rate; thus, COGS is not impacted by the depreciating currency. Under the all-current method, COGS is translated at the average rate; thus, COGS is lower because of the depreciating currency. Lower COGS results in a higher gross profit margin percentage. (Study Session 6, LOS 23.d)

NEW QUESTION: 2
Note: This question is part of a series of questions that use the same scenario. For your convenience, the scenario is repeated in each question. Each question presents a different goal and answer choices, but the text of the scenario is exactly the same in each question in this series.
Start of the repeated scenario
Your network contains an Active Directory domain named contoso.com. The functional level of the domain is Windows Server 2012.
The network uses an address space of 192.168.0.0/16 and contains multiple subnets.
The network is not connected to the Internet.
The domain contains three servers configured as shown in the following table.

Client computers obtain TCP/IP settings from Server3.
You add a second network adapter to Server2. You connect the new network adapter to the Internet. You install the Routing role service on Server2.
Server1 has four DNS zones configured as shown in the following table.

End of the repeated scenario
You need to configure an administrator named [email protected] as the contact person for the fabrikam.com zone.
What should you modify? To answer, select the appropriate options in the answer area.

Answer:
Explanation:

Explanation

References: https://www.microsoftpressstore.com/articles/article.aspx?p=2756482&seqNum=2

NEW QUESTION: 3
In the ORCL database, UNDOTBS1 is the active undo tablespace with a fixed size of 70 MB and RETENTION GUARANTEE.
UNDO_RETENTION is set to 15 minutes and the tablespace does not have AUTOEXTEND on.
Which statement is true about a transaction if UNDOTBS1 fills with uncommitted undo within 10 minutes of the transaction's first update?
A. It fails and returns the error message "ORA=30036": unable to extend segment by 8 in undo tablespace
'UNDOTBS1'".
B. It succeeds and the least recently used undo block UNDOTBS1 is overwritten by the generated undo.
C. It succeeds and the generated undo is stored in SYSTEM.
D. It succeeds and the generated undo is stored in SYSAUX.
E. It succeeds and the generated undo is stored in TEMP.
F. It fails and returns the error message "Snapshot too old".
Answer: B