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Exam Code:
InsuranceSuite-Developer
Exam Name:
Associate Certification - InsuranceSuite Developer - Mammoth Proctored Exam
Questions:
94 Q&A
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NEW QUESTION: 1
If EtherChannel guard is configured on a device, which result happens when the device detects a misconfiguration on a connect
A. Spanning tree is disabled for the VLANs associated with the EtherChannel.
B. The port generates a syslog message.
C. The port is error disabled
D. The EtherChannel configuration is removed from the running configuration of the device
Answer: C

NEW QUESTION: 2
Which of the following overheads is not an ODUk overhead?
A. APS/PCC
B. TCM
C. PM
D. NJO
Answer: D

NEW QUESTION: 3
To comply with the matching principle, the cost of labor services of an employee who participates in the manufacturing of a product normally should be charged to the income statement in the period in which the:
A. Product is completed.
B. Product is sold.
C. Employee is paid.
D. Work is performed.
Answer: B
Explanation:
Recognition of expenses occurs concurrently with recognition of increases in liabilities or decreases in assets. Expenses are recognized if the costs are directly associated with the earning of particular income items. This process is often called matching is simultaneous or combined recognition of the revenues and that result directly and jointly from the same transactions or other events. This direct relationship is exemplified by the sale of a product. This transaction results in revenue sales revenue) for receipt of cash or a receivable, the recognition of an expense cost of sales) for the sacrifice of the product to a customer, and a decrease in inventory. The direct labor cost of manufacturing the product is absorbed by the finished goods inventory and is not recognized until sale.

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