A. period allocation key
B. budget transfer
C. budget cycle
D. budget allocation term
Answer: C
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NEW QUESTION: 1
A. period allocation key
B. budget transfer
C. budget cycle
D. budget allocation term
Answer: C
NEW QUESTION: 2
Don Wolf became a general partner in Gata Associates on January 1, 1989, with a 5% interest in Gata's profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the partnership business. For the year ended December 31, 1989, Gata had an operating loss of $100,000.
In addition, Gata earned interest of $20,000 on a temporary investment. Gata has kept the principal temporarily invested while awaiting delivery of equipment that is presently on order. The principal will be used to pay for this equipment. Wolf's passive loss for 1989 is:
A. $4,000
B. $0
C. $6,000
D. $5,000
Answer: D
Explanation:
Explanation
Choice "c" is correct. Wolf's passive loss for 1989 is $5,000 ($100,000 operating loss * 5% interest in partnership).
Choice "a" is incorrect. Wolf did not materially participate in the partnership, so the loss was passive.
Choice "b" is incorrect. Wolf's passive loss of $5,000 could not be reduced by his distributive share of the partnership's "interest income" totaling $1,000. Interest income is considered "portfolio income," and neither the partnership nor a partner can offset it against passive losses.
Choice "d" is incorrect. No items of income or deduction from portfolio income or activities in which the taxpayer materially participates may be combined or offset with passive losses unless the activity generating the loss is completely disposed of in a taxable transaction.
NEW QUESTION: 3
An administrator is trying to ping and telnet from SwitchC to RouterC with the results shown below.
Click the console connected to RouterC and issue the appropriate commands to answer the questions.
Which will fix the issue and allow ONLY ping to work while keeping telnet disabled?
A. Correctly assign an IP address to interface fa0/1.
B. Removeaccess-group 106 infrom interface fa0/0 and addaccess-group 115 in.
C. Removeaccess-group 102 outfrom interface s0/0/0 and addaccess-group 114 in
D. Removeaccess-group 106 infrom interface fa0/0 and addaccess-group 104 in.
E. Change the ip access-group command on fa0/0 from "in" to "out".
Answer: D
Explanation:
Let's have a look at the access list 104:
The question does not ask about ftp traffic so we don't care about the two first lines. The 3rd line denies all telnet traffic and the 4th line allows icmp traffic to be sent (ping). Remember that the access list 104 is applied on the inbound direction so the 5th line "access-list 104 deny icmp any any echo-reply" will not affect our icmp traffic because the "echo-reply" message will be sent over the outbound direction.
NEW QUESTION: 4
Why would an administrator see the message below?
A. A new Policy Package created on the Gateway and transferred to the management will be overwritten by the Policy Package currently on the Gateway but can be restored from a periodic backup on the Gateway.
B. A new Policy Package created on the Management is going to be installed to the existing Gateway.
C. A new Policy Package created on the Gateway is going to be installed on the existing Management.
D. A new Policy Package created on both the Management and Gateway will be deleted and must be packed up first before proceeding.
Answer: B