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NEW QUESTION: 1
If prices of a product are falling the use of LIFO rather than FIFO will lead to:
A. lower working capital and higher net income.
B. higher working capital and higher net income.
C. higher working capital and lower net income.
Answer: B
Explanation:
COGS will be lower under LIFO in a period of falling prices leading to higher net income and higher tax payments. Working capital will be higher since the higher inventory value will outweigh the lower cash balance due to higher tax payments.
NEW QUESTION: 2
APM provides access control lists at which two OSI layers,
A. Layer 7
B. Layer 5
C. Layer 4
D. Layer 2
E. Layer 6
Answer: A,C
NEW QUESTION: 3
Scenario:
A. Option C
B. Option D
C. Option B
D. Option A
Answer: B
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CAS-003 Exam Topics
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