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NEW QUESTION: 1
Bubba buys a ten-year municipal and at 102 and sells it five years later at 101.
What is tax treatment?
A. the $10 loss is applied against future profits in municipal securities
B. the $10 loss is applied as a reduction against ordinary income
C. a $10 long-term capital loss is realized
D. no capital loss or income deduction is realized
Answer: D
Explanation:
Explanation/Reference:
Explanation: no capital loss or income deduction is realized. The $20 premium is amortized over the ten- year life of the bond. After five years, half of the premium has been written down. The remaining premium is the same as the premium received upon selling the bond. The sale at 101 results in no loss or gain.

NEW QUESTION: 2
The following topology is available, and based on this analysis, which of the following statement is correct?

A. Because R2 does route aggregation, only the routing entry of 10.0.0.0/16 exists in the IP routing table of R1.
B. The routing entries of 10.3.3.3/32 and 10.0.0.0/16 exist in the IP routing table of R1.
C. There are routing entries for 10.0.2.2/32 and 10.0.3.3/32 in the IP routing table of R1.
D. There are routing entries of 10.0.2.2/32 and 10.0.0.0/16 in the IP routing table of R1.
Answer: B

NEW QUESTION: 3
Scenario
Additional Information
Chief Executive Officer (CEO): He started the company 25 years ago and knows his job very well. He injured his leg two years ago which has restricted his visits to the engineering area. As CEO he has an overall perspective of the business strategic requirements and the authority to commit resources as required.
Marketing Director: She has been with the company for three years, following a successful career with a publicity company. She has the ability to represent the needs of the business, particularly as this is a marketing project. She has the authority to commit the annual business marketing budget, from which the project will be funded, as she sees appropriate. She will be responsible for monitoring the expected benefits of the calendar, in particular the improvement of the company's image.
Engineering Manager: He has been responsible for many engineering innovations in the company and is still as keen and energetic as the day he started. VVhilst he will not be part of the project team, his staff will feature in the photos for the promotional calendar.
Central Records: This group of five staff looks after all company records and document control.
They now maintain all project files.
Bright Lights: This is the local office supplies company. It supplies all the stationery and office equipment needs of the company and will supply the stationery for this project.
Portraits ltd: This is a professional photographic company with a number of excellent photographers and a history of successful work. This company has been selected to take the photos for the company calendar.
It has yet be decided which of the photographers to use.
Which 2 statements explain why the Sales Manager should be appointed as a Senior User for this project?
A. The launch of a company calendar will impact the Sales department.
B. He reports directly to the Marketing Director.
C. He is able to represent current and prospective customer interests.
D. He joined the company last year with huge enthusiasm.
E. He would like to move into the Marketing department in the future and sees this as an opportunity to work closely with the Marketing Director.
Answer: A,C