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NEW QUESTION: 1
Your client wants to create an efficient way of distributing costs to various accounts and minimize manual data entry.
One way of accomplishing this is to use model journal entries.
Which statement best distinguishes a percent model journal entry from other model journal entries?
A. The document type should be percent for a percent model.
B. You cannot create percent model journal entries.
C. It is designated as a percent JE in the explanation field.
D. The document type is JE, but percent follows all the amounts.
E. The document type is JX.
Answer: D
NEW QUESTION: 2
Which of the following statements about 1035 exchanges are true?
I. A 1035 exchange refers to the exchange of all of the shares owned in one mutual fund for shares of
another mutual fund in the same family of funds.
II. A 1035 exchange refers to the exchange of one variable annuity contract for another variable annuity
contract without the need to pay tax on any of the income or capital appreciation associated with the
original contract.
III. A 1035 exchange refers to the exchange of a variable annuity contract for a whole life insurance policy
offered by the same company with no tax consequences to the transaction.
A. I only
B. I, II, and III
C. II only
D. I and II only
Answer: C
Explanation:
Only Selection II is true regarding 1035 exchanges. A 1035 exchange refers to the exchange
of one variable annuity contract for another variable annuity contract without the need to pay tax on any of
the income or capital appreciation associated with the original contract. This does not refer to the
exchange of one mutual fund for another, which is a taxable event; nor does the 1035 exchange involve
exchanging a variable annuity for a life insurance policy.
NEW QUESTION: 3
HOTSPOT
You have a database named DB1 hosted on Microsoft Azure Database for MySQL servers. DB1 contains two tables named table1 and table2. Several web servers access DB1.
You create a login named Login1 to access the database from any web server.
You need to ensure that Login1 can read the tables in DB1.
The solution must ensure that Login1 can read all the tables created in the future.
Which command should you run? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation