NMLS MLO Q&A - in .pdf

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NEW QUESTION: 1
When Cisco IOS IPS signatures are being tuned, how is the Target Value Rating assigned?
A. It is manually set by the administrator.
B. It is calculated from the Event Risk Rating.
C. It is set based upon SEAP functions.
D. It is calculated from a combination of the Attack Severity Rating and Signature Fidelity Rating
Answer: A

NEW QUESTION: 2
The history file in Internet Explorer is a good source of evidence.
A. False
B. True
Answer: B

NEW QUESTION: 3
Is the cumulative effect of an inventory pricing change on prior years earnings reported on the financial
statements for

A. Option D
B. Option C
C. Option B
D. Option A
Answer: C
Explanation:
Choice "b" is correct. The cumulative effect of a change in accounting principle is now reported as an
adjustment to beginning retained earnings when it is considered practicable to calculate the cumulative
effect. When making a change to LIFO, it is generally considered impracticable to calculate the
cumulative effect of the change (in most cases, data on the historical LIFO layers in not available). In a
change to LIFO, the beginning inventory dollar amount becomes the first LIFO layer. No cumulative effect
adjustment is made. The change is accounted for prospectively. A change from LIFO to weighted average,
there is no such impracticability. The cumulative effect is computed and the change is handled
retrospectively. Choices "a", "c", and "d" are incorrect, per the above Explanation: .

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