CLF-C02 Practice Questions

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NEW QUESTION: 1
You are developing a Windows application by using Microsoft .NET Framework 4, Microsoft Visual Studio 2010, and Microsoft SQL Server 2003. New features that require changes to be made to the database schema are added to the application every week.
You need to ensure that the changes made to the database schema do not require the application to be recompiled.
Which two actions should you perform? (Each correct answer presents part of the solution. Choose two.)
A. Modify the conceptual schema xml file when the schema changes occur.
B. Modify the xml mapping file when the schema changes occur,
C. Build a conceptual model and use it to access data from the business entities.
D. Build a storage model and use it to access data from the business entities.
Answer: B,C

NEW QUESTION: 2
You are writing an X++ method.
You need to perform the same logic for multiple records in the database.
How should you iterate over multiple records in X++?
A. Declare a RecordSortedList variable for the table, and use the next() method to read each record.
B. Declare a table buffer variable, and then write a "while select" statement to iterate through each record.
C. Declare an enumerator for the table, and call the moveNext() method to read each record.
D. Declare a shared variable for the table, and use the next() method to read each record.
Answer: B
Explanation:
Section: Read and Write Basic X++ (20-25%)
Explanation
Explanation/Reference:

NEW QUESTION: 3
Tex Payor bought 1,500 shares of the Bonds4U Mutual Fund, a no load fund, on June 12th for $28 a share and sold the shares the following year on June 11th for $40 a share.
This will result in which of the following tax consequences for Tex?
A. Tex will have to pay tax on $40,000, taxed as ordinary income at his marginal tax rate.
B. Tex will have to pay tax on $40,000 of capital gain income, taxed at the preferential rate for long-term capital gains.
C. Tex will have to pay tax on $18,000 of capital gain income, taxed at the preferential rate for long-term capital gains.
D. Tex will have to pay tax on $18,000, taxed as ordinary income at his marginal tax rate.
Answer: D
Explanation:
Explanation/Reference:
Explanation: If Tex bought 1,500 shares of Bonds4U at $28 on June 12th and sold the shares on June
11th the following year for $40 a share, Tex will have to pay tax on $18,000, taxed as ordinary income at his marginal tax rate. He is taxed on his gain of $40 - $28 = $12 a share times 1,500 shares = $18,000. For tax purposes, his holding period begins the day after his purchase, or June 13th in this example, and ends the day on which sells the shares, or June 11th of the following year, in this case. Since this is less than 12 months, the gain on the sale is considered to be a short -term capital gain, which is taxed as ordinary income.