AGRC ICCGO Q&A - in .pdf

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NEW QUESTION: 1
Mr.Dinesh is transferred to Delhi and is paid a shifting allowance of Rs.20000 by his employers out of which he spends Rs.18000 for shifting his family and personal effects. Which of the following is true?
A. Rs.18,000 is exempt as a casual receipt
B. Rs.18,000 is exempt from tax under Section 10(14)
C. The whole of Rs.20,000 is exempt under section 10(14)
D. The whole of Rs.20,000 is exempt as a casual receipt
Answer: B

NEW QUESTION: 2
Refer to the exhibit. Company 1 has merged with Company 2. Company 1 is using RIPv2 as its IGP and Company 2 is using EIGRP as its IGP. EIGRP also is running between R1 and R2 over the WAN link.

Which action must be taken to allow these two configurations?
The Company 1 RIP routes appear as external EIGRP routes within Company 2.
The Company 2 EIGRP routes appear as RIPv2 routes within Company 1.
A. Configure mutual route redistribution between RIPv2 and EIGRP on the R2 router.
B. Configure mutual route redistribution between RIPv2 and EIGRP on the R1 router.
C. Enable RIPv2 on the R2 router.
D. Configure mutual route redistribution between RIPv2 and EIGRP on the R1 and R2 routers.
E. Enable RIPv2 on the R2 router and on all internal routers of Company 2. Enable EIGRP on all internal routers of Company 1.
Answer: B

NEW QUESTION: 3
Which of the following is a potential advantage of using Storage as a Service?
A. Decrease in IT management of the platform
B. Increase in encryption technologies
C. In-house IT staff controls all data
D. Data is accessible when the Internet is not functioning
Answer: A
Explanation:
One advantages of SaaS is that is makes it easy to "mobilize" your workforce because users can access SaaS
apps and data from any Internet-connected computer or mobile device. You don't need to worry about
developing apps to run on different types of computers and devices because the service provider has already
done so. In addition, you don't need to bring special expertise onboard to manage the security issues inherent
in mobile computing. A carefully chosen service provider will ensure the security of your data, regardless of
the type of device consuming it.
References: https://azure.microsoft.com/en-us/overview/what-is-saas/

NEW QUESTION: 4
The following information is extracted from the statement of financial position for ZZ at 31 March 20X3:

Included within cost of sales in the statement of profit or loss for the year ended 31 March 20X3 is $20 million relating to the loss on the sale of plant and equipment which had cost $100 million in June 20X1.
Depreciation is charged on all plant and equipment at 25% on a straight line basis with a full year's depreciation charged in the year of acquisition and none in the year of sale.
The revaluation reserve relates to the revaluation of ZZ's property.
The total depreciation charge for property, plant and equipment in ZZ's statement of profit of loss for the year ended 31 March 20X3 is $80 million.
The corporate income tax expense in ZZ's statement of profit or loss for year ended 31 March 20X3 is
$28 million.
ZZ is preparing its statement of cash flows for the year ended 31 March 20X3.
What figure should be included for corporate income tax paid in order to arrive at the net cash flow from operating activities?
Give your answer to the nearest $ million.
Answer:
Explanation:
$21 million

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