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NEW QUESTION: 1
Which one of the following statements is true?
A. When the stock price is below the strike price, a call option is in-the-money.
B. When the stock price is above the strike price, a put option is out-of-the-money.
C. When the stock price is below the strike price, a call option is at-the-money.
D. When the stock price is above the strike price, a put option is in-the-money.
Answer: B

NEW QUESTION: 2
Which statement about the Link Control Protocol (LCP) is true?
A. LCP is used for PPP over Frame Relay (PPPoFR) setup.
B. LCP is used for PPP CHAP authentication.
C. LCP is used for PPP over ATM (PPPoA) setup.
D. LCP is used for basic PPP link setup and operation.
E. LCP is used for PPP over Ethernet (PPPoE) setup.
Answer: D
Explanation:
The LCP protocol:
Checks the identity of the linked device and either accepts or rejects the device determines
the acceptable packet size for transmission searches for errors in configuration can
terminate the link if requirements exceed the parameters.

NEW QUESTION: 3
Which of the following procedures would an auditor most likely perform to obtain evidence about the
occurrence of subsequent events?
A. Confirming bank accounts established after year-end.
B. Inquiring of the entity's legal counsel concerning litigation, claims, and assessments arising after
yearend.
C. Recomputing a sample of large-dollar transactions occurring after year-end for arithmetic accuracy.
D. Investigating changes in stockholders' equity occurring after year-end.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "c" is correct. The auditor would most likely inquire of the entity's legal counsel concerning
litigation, claims and assessments arising after year-end in order to obtain evidence about the occurrence
of subsequent events. Claims arising after year-end might well impact the year-end financial statements.
Choice "a" is incorrect. Recomputing a sample of large-dollar transactions occurring after year-end for
arithmetic accuracy would not provide evidence about year-end amounts.
Choice "b" is incorrect. The auditor would inquire about changes in stockholders' equity occurring after
year-end, but would not generally perform an investigation of such items.
Choice "d" is incorrect. Confirming bank accounts established after year-end is generally not done (only
those in existence at year-end are confirmed). Accounts established after year-end generally would not be
relevant to year-end amounts.