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NEW QUESTION: 1
What is Lally's current tax expense for Year 2?
A. US $2,000,000
B. US $1,992,000
C. US $1,960,000
D. US $2,032,000
Answer: B
Explanation:
The US $5,000,000 of pre-tax profit is reduced by the US $100,000 of interest income not subject to tax. However, the rental income accrued in the previous year is taxable in Year
2. Thus, the profit subject to tax is US $4,980,000. Given a 40% rate, the current tax expense is US $1,992,000.
The following relates to Lally PLC for Year I and Year 2.
Year 2 Year 1 Profit before income taxes US $5,000,000 US $4,000,000 Interest income included above that was not subject to income taxes 100.000 100,000
Profit before income taxes in Year I included rent income of US $80.000 that was not subject to income tax until its receipt in Year 2.
Lally was subject to an effective income tax rate of 40% in Year 1 and Year 2.

NEW QUESTION: 2
Section A (1 Mark)
Which of the following is a market anomaly?
A. Independence of stock price changes.
B. A relationship between P/E ratios and subsequent stock returns.
C. A relationship between money supply growth and stock prices.
D. Adjustment of stock prices due to accounting changes.
Answer: B

NEW QUESTION: 3
In which of the following must an application developer provide an HTTP authorization header in requests that are sent to operations requiring that type of authentication?
A. Token authorization
B. API Key
C. OAuth 2.0
D. Basic authentication
Answer: D
Explanation:
Explanation/Reference:
Reference https://www.ibm.com/support/knowledgecenter/en/SSFS6T/com.ibm.apic.toolkit.doc/ tapim_sec_api_config_scheme_create_basic.html

NEW QUESTION: 4
Refer to the exhibit.

The python interpreter and the Cisco python SDK are available by default in the Cisco NX-OS software. The SDK documentation shows how the cild() API can be used when working with working with JSON and XML.
What are two effect of running the script? (Choose two.)
A. issue shutdown on interface loopback 5
B. configure interlace loopback 5
C. show details for the TABLE interface
D. show only the interfaces In the up status
E. show only the interfaces in admin shut status
Answer: B,D