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NEW QUESTION: 1
Refer to the code below:
Which assertion accurately tests the above code?
A. Console, assert ( await functionalUnderTest (true) , 'ok
B. Console, assert ( await functionalUnderTest (true) , 'not ok' )
C. Console, assert ( await functionalUnderTest (true) , 'not ok) )
D. Console, assert (functionalUnderTest (true) , 'ok')
Answer: D
NEW QUESTION: 2
Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the
stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss
during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What amount of the loss from the sale of Zinco stock can Conner deduct in 1994?
A. $0
B. $5,000
C. $3,000
D. $10,000
Answer: A
Explanation:
Explanation
Choice "a" is correct. Even though Conner has a realized loss of $10,000 on this transaction he cannot
deduct the loss since it was incurred in a transaction with his daughter, a related party.
Choice "b" is incorrect. $3,000 is the limit on deductible net capital losses. However, Conner cannot
deduct this loss, since it was incurred in a transaction with his daughter, a related party.
Choice "c" is incorrect. Conner's realized loss on the sale is $10,000 ($20,000 proceeds less $30,000
basis). However, Conner cannot deduct this loss, since it was incurred in a transaction with his daughter,
a related party.
Choice "d" is incorrect. $10,000 is Conner's realized loss on the sale. However, Conner cannot deduct
this loss, since it was incurred in a transaction with his daughter, a related party.
NEW QUESTION: 3
What is required for a LAN switch to support 802.1q Q-in-Q encapsulation?
A. Support 1522 layer 3 IP and IPX packet
B. Support 1547 MTU only
C. Support 1504 MTU or higher
D. Support less than 1500 MTU
Answer: C