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NEW QUESTION: 1
Which of the following should be disclosed in a summary of significant accounting policies?
A. Future minimum lease payments in the aggregate and for each of the five succeeding fiscal years.
B. Depreciation expense.
C. Basis of profit recognition on long-term construction contracts.
D. Composition of sales by segment.
Answer: C

NEW QUESTION: 2
Before creating a file system, which information needs to be configured?
A. ELB
B. VPC
C. EIP
D. AS
Answer: B

NEW QUESTION: 3
Social tagging capabilities of enterprise social media are also referred to as
A. microblogging
B. folksonomies
C. mashups
D. cloud computing
Answer: B

NEW QUESTION: 4
A bank customer expecting to pay its Brazilian supplier BRL 100 million asks Alpha Bank to buy Australian
dollars and sell Brazilian reals. Alpha bank does not hold reals so it asks for a quote to buy Brazilian reals in
the market. The market rate is 100. The bank quotes a selling rate of 101 to its customer and sells the reals at
this quoted price. Then the bank immediately buys the real at the market rate and completes foreign exchange
matched transaction. What is the financial impact of this transaction for Alpha bank?
A. This transaction leaves the bank a profit of AUD 10,101.
B. This transaction leaves the bank a profit of BRL 10,101.
C. This transaction leaves the bank a loss of BRL 10,101.
D. This transaction leaves the bank a loss of AUD 10,101.
Answer: A