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Our real exam test (Examination 3: Governmental Financial Management and Control (GFMC)) types introduce.
NEW QUESTION: 1
Tex Payor is an investor in the Invest4U Mutual Fund. The manager of the fund, fearing a substantial
decline in the stock market, sold a lot of the fund's holdings to lock in profits. As a result, the fund earned a
lot of long-term capital gain income. Which of the following statements is true regarding the tax treatment
of this income?
A. Tex must pay taxes on his proportionate share of the long-term capital gain income earned by Invest4U,
whether distributed or not.
B. Tex must pay taxes only on dividend income distributed by Invest4U.The mutual fund itself pays tax on
any capital gains it earns.
C. Tex must pay taxes on that portion of the long-term capital gain income that Invest4U distributes to
him.
D. None of the above is a true statement.
Answer: C
Explanation:
Tex must pay taxes on that portion of the long-term capital gain income that Invest4U
distributes to him. Invest4U is required to distribute at least 98% of its capital gain income to its
shareholders.
NEW QUESTION: 2
Which three statements are correct regarding the CLI command, 12tp destination profile to-NewYork virtual-router vr1 ip address 1.1.1.1 ? (Choose three.)
A. This command is performed on the LNS.
B. Virtual-router vr1 sends and receives L2TP traffic.
C. LAC IP address is defined.
D. Virtual-router vr1 is the authenticating virtual-router.
E. LNS IP address is defined.
Answer: A,B,C
NEW QUESTION: 3
A java EE application contains a session bean which uses a security role USER. A group called people is defined an LDAP server. Which two define appropriate EJB role responsibilities? (Choose two.)
A. The system administrator defines and configures the LDAP realm.
B. The deployer maps the application role USER to the LDAP group people.
C. The deployer defines and configures the LDAP realm.
D. The system administrator maps the application role USER to the LDAP group people.
Answer: A,B
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