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NEW QUESTION: 1
A contingent asset is:
A. Recognized when condemnation awards are probable or can be reliably estimated.
B. Recognized when disclosure in the notes to financial statements only could be misleading.
C. Not recognized under any circumstances.
D. Recognized when damages to be awarded in a copyright infringement suit are highly probable.
Answer: C
Explanation:
A contingent asset is a possible asset arising from past asset and the existence of which will be confirmed only by uncertain future events not wholly within the entity's control. An example is a potential recovery on a legal claim with an uncertain outcome. A contingent asset is not recognized but should be disclosed if an inflow of economic benefits is probable. Disclosures include a description of the contingent asset and an estimate of its financial effects. A contingent asset is not recognized because the income may not be realized. However, if realization is virtually certain, the asset is not contingent and may be recognized.

NEW QUESTION: 2
An engineer deploys an FX2 and plugs cables from GB1 and STK/GB2 into the management network switch for path and NIC redundancy. When the chassis is powered up, the management network is adversely affected.
What should the engineer do to fix this issue?
A. Turn off STP on the management network switch
B. Plug the CMC Redundancy Dongle into GB1 and STK/GB2
C. Configure a separate IP address for GB2
D. Change the Management Port 2 setting to Redundant
Answer: D

NEW QUESTION: 3
You have a potential customer who is contemplating the TCO of a hybrid Infrastructure solution. Which hybrid infrastructure benefit can you explain to help drive the conversation?
A. A hybrid infrastructure solution helps you to predefine hardware resources for workloads so that you can easily expand in the future.
B. A hybrid infrastructure solution can dramatically reduce existing operational costs.
C. A hybrid infrastructure solution does not require any initial capital outlay because it replaces all on-premises resources with off-premises services.
D. A hybrid infrastructure solution ensures that you can refresh your hardware at a slower rate.
Answer: B