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Exam Code: EX310

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NEW QUESTION: 1

A. Option B
B. Option C
C. Option A
Answer: C

NEW QUESTION: 2
An inventory loss from a market price decline occurred in the first quarter, and the decline was not
expected to reverse during the fiscal year. However, in the third quarter the inventory's market price
recovery exceeded the market decline that occurred in the first quarter. For interim financial reporting, the
dollar amount of net inventory should:
A. Not be affected in either the first quarter or the third quarter.
B. Decrease in the first quarter by the amount of the market price decline and not be affected in the third
quarter.
C. Decrease in the first quarter by the amount of the market price decline and increase in the third quarter
by the amount of the market price recovery.
D. Decrease in the first quarter by the amount of the market price decline and increase in the third quarter
by the amount of the decrease in the first quarter.
Answer: B
Explanation:
Choice "a" is correct. Market price declines should be recognized in the interim period in which decline is
judged permanent and later, if they "turn around," are recognized as gains in subsequent periods only to
the extent of previously reported losses.
Choice "b" is incorrect. Recovery should not cause an increase in inventory value above original cost.
Choice "c" is incorrect. The recovery should be recognized to the extent of the first quarter write down.
Choice "d" is incorrect.

NEW QUESTION: 3
Following the Installation of ES, an admin configured Leers with the ss_uso r role the ability to close notable events. How would the admin restrict these users from being able to change the status of Resolved notable events to closed?
A. From the Status Configuration windows select the closed status. Remove ess_use r from the status transitions for the Resolved status.
B. In Enterprise Security, give the ess_user role the own Notable Events permission.
C. From the Status Configuration window select the Resolved status. Remove ess_user from the status transitions for the closed status.
D. From Splunk Access Controls, select the ess_user role and remove the edit_notabie_events capability.
Answer: A

NEW QUESTION: 4

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


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