CBCP-002 Practice Questions

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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 Liabilities, and equity are understated.
B. Assets, net income, and equity are unaffected
C. Assets and liabilities are understated.
D. Assets and profit and equity} are understated, and liabilities are overstated.
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. swift, cinder, ephemeral, direct
B. FlexPod, Vblock, VSPEX, Adhoc
C. NFS, iscsi, DASDI, SAN
D. ceph, solidfire, FPV, buckets
Answer: B
Explanation:
Explanation/Reference:
Explanation:

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