CSI CSC2 Q&A - in .pdf

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  • Exam Code: CSC2
  • Exam Name: Canadian Securities Course Exam2
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NEW QUESTION: 1
Which three statements are correct about SAN Copy? (Choose three.)
A. SAN Copy sessions can be managed either by Navisphere Manager or by CLI.
B. SAN Copy is a storage array-based Data Mover application.
C. SAN Copy transfers data over a Fibre Channel SAN, as opposed to an IP LAN.
D. SAN Copy can be installed on any model CX array.
Answer: A,B,C

NEW QUESTION: 2
According to the FASB conceptual framework, the objectives of financial reporting for business
enterprises are based on:
A. Reporting on management's stewardship.
B. The need for conservatism.
C. The needs of the users of the information.
D. Generally accepted accounting principles.
Answer: C
Explanation:
Choice "d" is correct. The FASB conceptual framework states that the objectives of financial reporting
stem from the informational needs of the external users of the information. SFAC 1 para.
Choice "a" is incorrect. Conservatism is an underlying concept for financial accounting but is not the basis
for the objectives. SFAC 2 para. 91-97 Choice "b" is incorrect. Information concerning management's
stewardship is only one aspect of the information financial statements are intended to provide. SFAC 1
para. 50 Choice "c" is incorrect. Generally accepted accounting principles (GAAP) are derived from and
based on the objectives of financial reporting, not the other way around.

NEW QUESTION: 3
Deduction under section 80QQB is allowed in respect of royalty income to:
A. an individual who is resident in India who is either an author of a book or a joint author of the book
B. an individual who is an author of a book
C. None of These
D. an individual who is resident in India and who is an author of a book
Answer: A

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