
Oracle Exam 1Z0-1055-24 Prep | 1Z0-1055-24 Exam Flashcards & 1Z0-1055-24 Reliable Study Plan - Sugakumaster

Exam Code: 1Z0-1055-24
Exam Name: Oracle Financials Cloud: Payables 2024 Implementation ProfessionalCertification
Version: V16.75
Q & A: 400 Questions and Answers
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NEW QUESTION: 1
Which two are required when creating a new Host Group on a given VSP port? (Choose two.)
A. IP address
B. Host name
C. Operating System
D. WWPN
Answer: C,D
NEW QUESTION: 2
What is the improper fraction or mixed number represented by the following figure?
A. 2 1/3
B. 11/9
C. 7/6
D. 2 5/8
E. 11/3
Answer: D
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 3
ESX recommends running iSCSI on the same network as the Service Console or VMotion?
A. True
B. False
Answer: B
Explanation:
For iSCSI configurations, ESX Server supports only isolated networks.
NEW QUESTION: 4
To effect a business combination initiated on July 1, Year 1, Company P acquired all the outstanding ordinary shares of Company S for cash equal to the carrying amount of Company's net assets. The carrying amounts of Company S's assets and liabilities approximated their fair values, except that the carrying amount of its building was more than fair value. In preparing Company P's December 31, Year 1, consolidated income statement, what is the effect of recording the assets acquired and liabilities assumed at fair value and should goodwill amortization be recognized?
A. Option C
B. Option A
C. Option D
D. Option B
Answer: A
Explanation:
A business combination is accounted for as an acquisition regardless of the form of consideration given. Thus, assets acquired and liabilities assumed should be recorded at their fair values. The differences between fair values and carrying amounts will affect profit or loss when related expenses are incurred. The effect of recording the building at fair value in the consolidated balance sheet instead of its higher carrying amount on Company S's books will be to decrease future depreciation_ If the building is to be used, fair value is its current replacement cost for similar capacity unless expected use indicates a lower value to the acquirer. If the building is to be sold, it should be reported at fair value minus cost to sell. The excess of the sum of the consideration transferred, any noncontrolling interest, and any previously held equity interest over the acquisition-date fair value of the net assets acquired will be recognized as goodwill. This amount will be tested for impairment but not amortized.
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