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Exam Code:
APS
Exam Name:
Accredited Payables Specialist (APS) Certification Exam
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1

A. Option D
B. Option A
C. Option C
D. Option B
Answer: C

NEW QUESTION: 2
Which two protocols can detect native vlan mismatch errors? (Choose two.)
A. PAgP
B. VTP
C. Cisco Discovery Protocol
D. STP
E. DTP
Answer: B,C

NEW QUESTION: 3
On May 1, 1997 Bluefish Co. bought 100 bonds (face value $1,000 and stated interest 10%) of
Hawkeye Inc., interest payable semiannually on July 1, and January 1. The bond price was 920 excluding accrued interest. Due to short-term nature of the investment Bluefish put this in marketable debt securities section of its current assets. At the end of 1997 the interest revenue from this investment on income statement should be:
A. $10,000 since it received $5,000 on July as bond interest and another $5,000 would be due tomorrow
(Jan. 1, 1998).
B. No interest revenue, since marketable securities are short-term in nature and only the difference between acquisition price and disposition price is calculated as gain or loss.
C. $6,667.
Answer: C
Explanation:
100 x $1,000 x 0.1 x 8/12 = $6,667.

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