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NEW QUESTION: 1
Suppose that an entity has paid one of its liabilities t ice during the year in error The effects of this mistake would be?
A. Assets and profit and equity} are understated, and liabilities are overstated.
B. Assets, net income, and equity are unaffected
C. Assets and liabilities are understated.
D. Assets Liabilities, and equity are understated.
Answer: C
Explanation:
When a liability is paid, an entry debiting accounts payable and crediting cash is made. If an entity erroneously pays a liability twice, the accounts payable and cash accounts will be understated by the amount of the liability. Hence, assets and liabilities will be understated.

NEW QUESTION: 2
Which four types of storage schemes are found in Cisco UCS Director for a private cloud?
A. FlexPod, Vblock, VSPEX, Adhoc
B. NFS, iscsi, DASDI, SAN
C. ceph, solidfire, FPV, buckets
D. swift, cinder, ephemeral, direct
Answer: A
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 3
At which layer in the ACI fabric are policies enforced?
A. leaf
B. APIC
C. endpoint
D. spine
Answer: B