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NEW QUESTION: 1
If a lessor appropriately classifies a lease as a sales-type lease, the following items related to the lease should be reported on the lessor's income statement in the first year of the lease:
I). Rental Revenue
II). Interest Revenue
III). Depreciation Expense
IV). Income (loss) on Sale of Leased Property
A. II, III, and IV only
B. I and III only
C. II and IV only
Answer: C
Explanation:
Rental revenue is only recognized in an operating lease. If it is a sales-type lease, there is profit on the sale as well as the interest revenue on the receivable. As the lessor no longer reports the asset on its records, it does not record depreciation on it.

NEW QUESTION: 2
Which two actions limit the consequences of a network based attack?
A. Deploying a single sign-on system to provide system-wide authorization
B. Installing a firewall at the outer boundary of your systems
C. Implementing the principle of least privilege
D. Allowing application servers privileged access to all databases
E. Placing Internet-accessible servers in a demilitarized zone
Answer: C,D

NEW QUESTION: 3
An access layer switch is configured to extend priority to an IP phone. Cisco Discovery Protocol is enabled on all ports. What are the three possible ways that an IP phone can be instructed to treat the Layer 2 CoS priority value of the attached PC? (Choose three.)
A. configured IEEE 802.1Q
B. untrusted
C. configured DSCP level
D. configured CoS level
E. trusted IEEE 802.1Q
F. trusted
Answer: B,D,F