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NEW QUESTION: 1
What does a switch use to build its MAC address table?
A. egress traffic
B. VTP
C. ingress traffic
D. DTP
Answer: C
NEW QUESTION: 2
Doris and Lydia are equal partners in the capital and profits of Agee & Nolan, but are otherwise unrelated. The following information pertains to 300 shares of Mast Corp. stock sold by Lydia to Agee
& Nolan:
The amount of long-term capital loss that Lydia realized in 1988 on the sale of this stock was:
A. $0
B. $5,000
C. $2,500
D. $3,000
Answer: B
Explanation:
Explanation
Choice "a" is correct. $5,000 long term capital loss "realized" in 1988 by Lydi
A. Be careful, and always
check the question being asked. In this case, the question is how much of a capital loss Lydia realized in 1988.
Choice "b" is incorrect. $3,000 represents the portion of the $5,000 realized loss that would currently be recognized unless there were additional capital transactions resulting in gains. Remember that the deduction for capital losses for an individual is limited to $3,000 each year.
Choice "c" is incorrect. $2,500 represents the pre-1986 portion of the $5,000 realized loss that would have given rise to a recognized loss. Pre-1986 law required $2 of net long term loss to give the benefit of $1 of tax deduction. Current law gives a dollar-for-dollar deduction limited to $3,000 in any year.
Choice "d" is incorrect. $0 would have been the amount of loss recognized if Lydia owned more than a 50% interest in the partnership. Losses realized on transactions between a partnership and a partner owning more than a 50% interest are not deductible as the parties would be considered related and any realized loss would be disallowed.
NEW QUESTION: 3
Which of the following is valid syntax for defining host groups? (Select 3)
A. 172.168.1.1 Phoenix
B. 10/16 Chicago
C. 192/8 Baltimore
D. 192.168.0.100/255.255.0.255 Philadelphia
Answer: A,C,D
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