Exam Code: L5M4
Exam Name: Advanced Contract & Financial Management
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Which of the following is the MOST redundant power solution?
A. Two power supplies, each hooked up to the same 1-phase circuit.
B. Two power supplies, each hooked up to separate 1-phase circuits.
C. Two power supplies, each hooked up to individual legs of one 3-phase circuit.
D. One power supply hooked up to two 1-phase circuits.
Answer: B
NEW QUESTION: 2
In the context of AWS CloudFormation, which of the following statements is correct?
A. Actual resource names are a combination of the stack and logical resource name.
B. Actual resource name is the stack resource name.
C. Actual resource name is the logical resource name.
D. Actual resource names are a combination of the resource ID, stack, and logical resource name.
Answer: A
Explanation:
Explanation
In AWS CloudFormation, actual resource names are a combination of the stack and logical resource name.
This allows multiple stacks to be created from a template without fear of name collisions between AWS resources.
https://aws.amazon.com/cloudformation/faqs/
NEW QUESTION: 3
A reporting entity consolidates a foreign operation. This operation maintains its books its functional currency, which not that of a hyperinflationary economy. How should the amounts in the foreign operation's financial statements be translated into the presentation currency?
A. Exchange differences are recognized equity.
B. Assets are translated at the exchange rates effect at the translation dates.
C. All amounts are translated at the closing rate for the most recent balance sheet date.
D. Expenses are translated at the closing rate.
Answer: A
Explanation:
An exchange difference arises when a given amount of one currency is translated into another currency at different rates. Exchange differences are recognized in a separate component of equity when they arise from translation of functional currency amounts into the presentation amounts. Such exchange difference are not recognized in profit or loss because they have little, if any, direct effect on operational case flows.
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