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ACD101 Exam Simulator
  • Exam Code: ACD101
  • Exam Name: Appian Associate Developer
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  • Q & A: 40 Questions and Answers
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NEW QUESTION: 1
Jason Bennett is an analyst for Valley Airlines (Valley), a U.S. firm. Valley owns a stake in Southwest Air Cargo (Southwest), also a U.S. firm. The two firms have had a long-standing relationship. The relationship has become even closer because several of Valley's top executives hold seats on Southwest's Board of Directors.
Valley acquired a 45% ownership stake in Southwest on December 31, 2007. Acquisition of the ownership stake cost $9 million and was paid in cash. Valley's stake in Southwest is such that management can account for the investment using either the equity method or the acquisition method. While Valley's management desires to fairly represent the firm's operating results, they have assigned Bennett to assess the impact of each method on reported financial statements.
Immediately prior to the acquisition. Valley's current asset balance and total equity were $96 million and
$80 million, respectively. Southwest's current assets and total equity were $32 million and $16 million, respectively.
While analyzing the use of the equity method versus the acquisition method, Bennett calculates the return on assets (ROA) ratio. He arrives at two conclusions:
Statement 1: Compared to the acquisition method, the equity method results in a higher ROA because of the higher net income under the equity method.
Statement 2: Compared to the acquisition method, the equity method results in a higher ROA because of the smaller level of total assets under the equity method.
In order to get a better picture of Valley's operating condition, Bennett is also considering the use of proportionate consolidation to account for Southwest. He makes the following statements regarding the acquisition method and a proportionate consolidation:
Statement 3: Both methods are widely accepted under the provisions of U.S. GAAP and International Financial Reporting Standards (IFRS).
Statement 4: Both methods report the same level of assets on the parent's balance sheet.
Statement 5: Both methods report all of Southwest's liabilities on the parent's balance sheet.
In addition. Valley has always wanted to pursue its goal of vertical integration by expanding its scope of operations to include the manufacturing of airline parts for its own airplanes. Therefore, it established a subsidiary, Mountain Air Parts (Mountain), in Switzerland on January 1,2008. Switzerland was chosen as the location for economic and geographical diversification reasons. Mountain will operate as a self- contained, independent subsidiary. Local management in Switzerland will make the majority of operating, financing, and investing decisions.
The Swiss franc (CHF) is the official currency in Switzerland. On January 1, 2008, the USD/CHF exchange rate was 0.77. At December 31, 2008, the exchange rate had changed to 0.85 USD/CHF. The average exchange rate in 2008 was 0.80 USD/CHF. In its first year of operations. Mountain paid no dividends and no taxes. Mountain uses the FIFO assumption for its flow of inventory.

How many of Bennett's statements on proportionate consolidation are correct?
A. None.
B. Three.
C. Two.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Proportionate consolidation only considers the proportion of the assets and liabilities owned by the parent firm (Statements 4 and 5 are incorrect). Also, proportionate consolidation is generally not allowed under
U.S. GAAP (Statement 3 is incorrect). Proportionate consolidation is the preferred method under IFRS.
Therefore, none oft three statements is correct. (Study Session 5. LOS 21.b)

NEW QUESTION: 2
During the process of fingerprinting a web application environment, what do you need to do in order to analyze HTTP and HTTPS request headers and the HTML source code?
A. Perform Web Spidering
B. Examine Source of the Available Pages
C. Check the HTTP and HTML Processing by the Browser
D. Perform Banner Grabbing
Answer: D

NEW QUESTION: 3
Your network contains two Hyper-V hosts that run Windows Server 2012 R2. The Hyper-V hosts contain several virtual machines that run Windows Server 2012 R2.
You install the Network Load Balancing feature on the virtual machines.
You need to configure the virtual machines to support Network Load Balancing (NLB).
Which virtual machine settings should you configure?
A. DHCP guard
B. Port mirroring
C. MAC address
D. Router guard
Answer: C
Explanation:
Explanation
Explanation:
http://social.technet.microsoft.com/Forums/windowsserver/en-US/5b3a0a9d-26a2-49ba-bbbe-
29d11fcbb7ce/nlb-on-hyperv?forum=winserverhyperv
For NLB to be configured you need to enable MAC address spoofing.

NEW QUESTION: 4
Northern Trail Outfittersには、B2B販売に関連するキャンペーンの権限ではなく、B3C販売に関連するキャンペーンのデータ拡張表示および更新権限を必要とするMarketingCloudユーザーがいます。
彼らはこれをどのように達成すべきですか?
A. 共有データ拡張機能を作成します
B. データ拡張オブジェクトレベルの権限を更新します
C. 新しいビジネスユニットを作成します
D. 個別のフォルダを作成し、権限を追加します
Answer: A

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