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NEW QUESTION: 1
Which of the following statements regarding the required distribution of income by a regulated investment company are true?
A. Both short-term and long-term capital gains earned by the company can be distributed only once a year.
B. If an investor in the investment company has elected to reinvest his dividend and capital income in the company rather than receiving a check, then the investor is not required to pay taxes on the reinvested funds.
C. Under current tax laws, qualifying dividends distributed to the company's investors are taxable to those investors at a preferential rate-i.e., either 0% or 15%, depending on the investor's marginal tax rate.
D. Both A and B are true statements.
Explanation: The statement regarding the required distribution of income by a regulated investment company that is true is that under current tax laws, qualifying dividends distributed to the company's investors are taxable to those investors at a preferential rate-i.e., either 0% or 15%, depending on the investor's marginal tax rate. This preferential treatment is due to expire on Dec. 31, 2010 unless it is extended. Only long-term capital gains earned by the company can only be distributed once a year. Short- term capital gains are generally distributed along with dividends-usually once a quarter. Even if an investor elects to reinvest dividend and capital gain income rather than receiving a check, the investor must still pay taxes on the income he would have received had he not made the election.
NEW QUESTION: 2
You are setting up Close Monitor to view the high-level income statement results for each ledger.
Which object must you select to view this?
A. Account Group
B. OTBI Report
C. Trial Balance Report
D. Ledger Set
E. Financial Report
NEW QUESTION: 3
When asking for historical financial statements on the subject property,
one should endeavor to study statements during a . The most commonly used period is five years, but this should not be used as a rote number of years.
A. Audited period
B. Relevant period
C. Compiled Period
D. Current period
NEW QUESTION: 4
You have a web application that's developed in Node.js The code is hosted in Git repository. You want to now deploy this application to AWS. Which of the below 2 options can fulfil this requirement.
A. Create a Docker file to install Node.js. and gets the code from Git. Use the Dockerfile to perform the deployment on a new AWS Elastic Beanstalk application. S
B. Create an AWS CloudFormation template which creates an instance with the AWS::EC2::Container resources type. With UserData, install Git to download the Node.js application and then set it up.
C. Create an AWS CloudFormation template which creates an instance with the AWS::EC2::lnstance resource type and an AMI with Docker pre-installed. With UserData, install Git to download the Node.js application and then set it up.
D. Create an Elastic Beanstalk application. Create a Docker file to install Node.js. Get the code from Git.
Use the command "aws git.push" to deploy the application
Option A is invalid because there is no "awsgitpush" command
Option B is invalid because there is no AWS::CC2::Container resource type.
Clastic Beanstalk supports the deployment of web applications from Docker containers. With Docker containers, you can define your own runtime environment. You can choose your own platform, programming language, and any application dependencies (such as package managers or tools), that aren't supported by other platforms. Docker containers are self-contained and include all the configuration information and software your web application requires to run.
For more information on Docker and Clastic beanstalk please refer to the below link:
When you launch an instance in Amazon CC2, you have the option of passing user data to the instance that can be used to perform common automated configuration tasks and even run scripts after the instance starts.
You can pass two types of user data to Amazon CC2: shell scripts and cloud-init directives. You can also pass this data into the launch wizard as plain text, as a file (this is useful for launching instances using the command line tools), or as base64-encoded text (for API calls). For more information on Cc2 User data please refer to the below link:
Note: "git aws.push" with CB CLI 2.x - see a forum thread at
Basically, this is a predecessor to the newer "eb deploy" command in CB CLI 31. This question kept in order to be consistent with exam.