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  • Vendor : Oracle
  • Certifications : Oracle Database PL/SQL Developer Certified Professional
  • Exam Name : Oracle Database 19c: Program with PL/SQL
  • Exam Code : 1Z0-149
  • Total Questions : 376 Q&As
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VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.


What is VCE Simulator?
VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.

Description

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    NEW QUESTION: 1
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    NEW QUESTION: 2
    Kevin Rathbun, CFA, is a financial analyst at a major brokerage firm. His supervisor, Elizabeth Mao, CFA, asks him to analyze the financial position of Wayland, Inc. (Wayland), a manufacturer of components for high quality optic transmission systems. Mao also inquires about the impact of any unconsolidated investments.
    On December 31,2007, Wayland purchased a 35% ownership interest in a strategic new firm called Optimax for $300,000 cash. The pre-acquisition balance sheets of both firms are found in Exhibit 1.

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    For the year ended 2008, Optimax reported net income of $250,000 and paid dividends of $100,000.
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    Rathbun also notes that Wayland owns shares in Vanry, Inc. (Vanry). Rathbun gathers the data in Exhibit 2 from Wayland's financial statements. The year-end portfolio value is the market value of all Vanry shares held on December 31. All security transactions occurred on July 1, and the transaction price is the price that Wayland actually paid for the shares acquired. Vanry pays a cash dividend of $1 per share at the end of each year. Wayland expects to sell its investment in Vanry in the near term and accounts for it as held- for-trading.
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    B. IFRS only.
    C. neither IFRS nor U.S. GAAP.
    Answer: A
    Explanation:
    Explanation/Reference:
    Explanation:
    The fair value option is available under both IFRS and U.S. GAAP. (Study Session 5. LOS 21.a)

    NEW QUESTION: 3

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


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