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NEW QUESTION: 1
An application running on Amazon EC2 needs login credentials to access a database. The login credentials are stored in AWS Systems Manager Parameter Store as secure string parameters.
What is the MOST secure way to grant the application access to the credentials?
A. Create an IAM EC2 role for the EC2 instances and grant the role permission to read the Systems Manager parameters
B. Create an IAM policy for the application and grant the policy permission to read the Systems Manager parameters
C. Create an IAM user for the application and grant the user permission to read the Systems Manager parameters
D. Create an IAM group for the application and grant the group permissions to read the Systems Manager parameters
Answer: B
Explanation:
https://docs.aws.amazon.com/systems-manager/latest/userguide/security_iam_service-with- iam.html
NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting
error.
Item to Be Answered
Quo sells extended service contracts on its products. Because related services are performed over
several years, in 1993 Quo changed from the cash method to the accrual method of recognizing income
from these service contracts.
List A (Select one)
A. Change in accounting estimate.
B. Neither an accounting change nor an accounting error.
C. Correction of an error in previously presented financial statements.
D. Change in accounting principal.
Answer: C
Explanation:
Choice "c" is correct. Change from the cash method to the accrual method is a correction of an error in
previously presented financial statements.
NEW QUESTION: 3
XY puchased 2% of the equity shares of FG on 1 October 20X3.
XY paid $25,000 for the shares as well as a transaction cost of 2.5% of the purchase price.
The shares are being held for short term trading and XY intend to sell them in December 20X3.
At the year end of 31 October 20X3, the shares in FG could be sold for $28,000.
What is the journal entry to record the subsequent measurement for this investment at 31 October
20X3?
A. Debit investment in equity shares $2,375 and credit other reserves $2,375.
B. Debit investment in equity shares $3,000 and credit profit or loss $3,000.
C. Debit investment in equity shares $2,375 and credit profit or loss $2,375.
D. Debit investment in equity shares $3,000 and credit other reserves $3,000.
Answer: B