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NEW QUESTION: 1
When a firm's inventory undergoes LIFO liquidation under rising prices, it experiences ________.
A. higher income and higher cash flows
B. lower income and lower cash flows
C. higher income and lower cash flows
D. lower income and higher cash flows
Answer: C
Explanation:
Explanation/Reference:
Explanation:
In LIFO liquidation under rising prices, the quantity of goods purchased during a period is less than the quantity sold. This leads to a sale of goods purchased in prior periods at lower prices (since prices are rising). This understates the cost-of-goods-sold (COGS), thus overstating the income and causing higher taxes than in the absence of the LIFO liquidation. The higher taxes cause a higher cash outflow. (This is an extremely important topic that you should be completely familiar with)

NEW QUESTION: 2
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have a Hyper-V host named Server1 that hosts a virtual machine named VM1.
Server1 and VM1 run Windows Server 2016.
The settings for VM1 are configured as shown in the exhibit. (Click the Exhibit button.)

You need to ensure that you can use the Copy-VMFile cmdlet on Server1 to copy files from VM1.
Solution: You start the Hyper-V Guest Service Interface service on VM1.
Does this meet the goal?
A. Yes
B. No
Answer: A
Explanation:
References:
https://technet.microsoft.com/en-us/library/dn798297(v=ws.11).aspx

NEW QUESTION: 3

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