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NEW QUESTION: 1
Ignoring the annual per-donee exclusion, all the following transfers are gifts for federal gift tax purposes EXCEPT:
A. An individual gratuitously performs valuable services for the benefit of a close friend.
B. A creditor cancels the promissory note of a friend who recently became unemployed.
C. A grandmother reimburses her grandson for his college tuition costs.
D. A father lends his daughter a large sum of money interest free for a period of 2 years.
Answer: A
NEW QUESTION: 2
Refer to the exhibit.
What is the effect to the given configuration?
A. FTP connections are unaffected
B. It resets and logs FTP connection to all sites except cisco.com and hp.com
C. It resets FTP connection to cisco.com and hp.com only
D. It resets and logs FTP connections to cisco.com and hp.com only
E. It resets FTP connection to all sites except cisco.com and hp.com
Answer: A
NEW QUESTION: 3
An IS auditor is using a statistical sample to inventory the tape library. What type of test would this be considered?
A. Integrated
B. Compliance
C. Substantive
D. Continuous audit
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Using a statistical sample to inventory the tape library is an example of a substantive test.