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NEW QUESTION: 1
Smith made a gift of property to Thompson. Smith's basis in the property was $1,200. The fair market value at the time of the gift was $1,400. Thompson sold the property for $2,500. What was the amount of Thompson's gain on the disposition?
A. $1,100
B. $2,500
C. $1,300
D. $0
Answer: C
Explanation:
Explanation
Choice "c" is correct. The general rule for the basis on gifted property is that the donee receives the property with a rollover cost basis (equal to the donor's basis). An exception exists where the fair market value of the property at the time of the gift is less than the donor's basis. That is not the case in this question; thus, the calculation of the gain on the disposition of the property is:

Choice "a" is incorrect. This choice could be correct if the facts of the question met the exception whereby no gain or loss is recognized when a donee sells gifted property for an amount between the donor's basis and the fair market value at the date of the gift.
Choice "b" is incorrect. This choice uses the basis as the fair market value of the property. Fair market value of property at date of death is used as the basis for inherited property, not gifted property.
Choice "d" is incorrect. This choice assumes that Thompson's basis is zero. His basis is $1,200 as indicated above.

NEW QUESTION: 2
Jack has been asked do enable Identify Awareness.
What are the three methods for Acquiring Identify available in the Identify Awareness Configuration Wizard?
A. AD Query, Browser-Based Authentication, Terminal Servers
B. LDAP Query, Terminal Servers, Light-weight Identity Agent
C. LDAP Query, Browser-Based Authentication, Terminal Servers
D. AD Query, Browser-Based Authentication, Light-Weight Identity Agent
Answer: A
Explanation:
Explanation/Reference:
Reference: https://sc1.checkpoint.com/documents/R76/
CP_R76_IdentityAwareness_AdminGuide/62050.htm

NEW QUESTION: 3
Results from a vulnerability analysis indicate that all enabled virtual terminals on a router can be accessed using the same password. The company's network device security policy mandates that at least one virtual terminal have a different password than the other virtual terminals. Which of the following sets of commands would meet this requirement?
A. line console 0 password password line vty 0 4 password P@s5W0Rd
B. line vty 0 3 password Qwer++!Y line console 0 password P@s5W0Rd
C. line vty 0 3 password Qwer++!Y line vty 4 password P@s5W0Rd
D. line vty 0 6 P@s5W0Rd password line vty 7 Qwer++!Y password
Answer: C
Explanation:
The VTY lines are the Virtual Terminal lines of the router, used solely to control inbound Telnet connections. They are virtual, in the sense that they are a function of software - there is no hardware associated with them.
Two numbers follow the keyword VTY because there is more than one VTY line for router access. The default number of lines is five on many Cisco routers. Here, I'm configuring one password for all terminal (VTY) lines. I can specify the actual terminal or VTY line numbers as a range. The syntax that you'll see most often, vty 0 4, covers all five terminal access lines.