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NEW QUESTION: 1
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 manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is
preferable, accounting for these long-term contracts was switched from the completed-contract method to
the percentage-of-completion method.
List A (Select one)
A. Neither an accounting change nor an accounting error.
B. Change in accounting estimate.
C. Change in accounting principal.
D. Correction of an error in previously presented financial statements.
Answer: C
Explanation:
Choice "a" is correct. Switching from the completed-contract method of accounting to the percentage-of
completion method is a "change in accounting principle."

NEW QUESTION: 2

A. DHCP server
B. LDAP server
C. ACL on web server
D. DNS server
E. Certificate authority
Answer: E

NEW QUESTION: 3
Class-map nbar_rtp
Match protocol rtp payload-type "0,1,4-0xlO, 10001b - lOOlOb,64"
The above NBAR configuration matches RTP traffic with which payload types?
A:

B:

C:

D:

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