CIPT Practice Questions

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NEW QUESTION: 1

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

NEW QUESTION: 2
D18912E1457D5D1DDCBD40AB3BF70D5D
You need to configure the system to support the inventory costing requirement.
Which two actions should you perform? Each answer represents a complete solution.
NOTE:Each correct selection is worth one point.
A. one item group each for perfume, ceramicware, and other goods
B. one FIFO item model group and one Standard item model group
C. one FIFO item group
D. one default item group for all items
E. onefinancial dimension for each item group
Answer: A,B

NEW QUESTION: 3
Which of the following statements are incorrect regarding identifiable assets? Select ALL that apply.
A. Assets can also be identifiable if they arise from contractual or legal rights
B. Net assets must be identifiable at acquisition
C. To be identifiable assets must be separable from the subsidiary
D. Contingent assets and liabilities are examples of exceptions to the rules governing identifiable assets
E. Deferred tax assets and liabilities are not classed as identifiable assets
Answer: D,E