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ServiceNow CIS-CSM
ServiceNow Certified Implementation Specialist - Customer Service Management Exam
Questions and Answers | : 347 |
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NEW QUESTION: 1
On December 1, 1992, Michaels, a self-employed cash basis taxpayer, borrowed $100,000 to use in her
business. The loan was to be repaid on November 30, 1993. Michaels paid the entire interest of $12,000
on December 1, 1992. What amount of interest was deductible on Michaels' 1993 income tax return?
A. $1,000
B. $12,000
C. $11,000
D. $0
Answer: C
Explanation:
Explanation
Choice "b" is correct. Prepaid interest must be prorated over the time for which payment is made. This is
true for both cash and accrual basis taxpayers. The loan is for 1 month in 1992 and 11 months in 1993.
Therefore, 1/12 of the interest is deductible in 1992 and 11/12, or $11,000 is deductible in 1993.
Choices "a", "c", and "d" are incorrect. Prepaid interest must be prorated over the time for which payment
is made. This is true for both cash and accrual basis taxpayers.
NEW QUESTION: 2
Which of the following distance conditions meets the requirements of the Huawei Remote DR Solution?
A. <60km
B. >100 km
C. < 20 km
D. <40km
Answer: B
NEW QUESTION: 3
Which of the following tasks can you perform using the Post Goods Movement (MIGO) app? Note: There are 3 correct Answes to this question.
A. Display a material document
B. Search for purchase orders
C. Post a component backflush
D. Post a stock transfer between two plants
E. Create a material reservation
Answer: A,B,D
NEW QUESTION: 4
Which event type indicates a Fatal problem has occurred in the system, and the process or operation will be terminated?
A. Error
B. Information
C. Audit
D. Warning
Answer: D
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ServiceNow CIS-CSM
ServiceNow Certified Implementation Specialist - Customer Service Management Exam
VCE Exam Simulator Q&A | : 347 |
Q&A Update On | : January 3, 2019 |
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ServiceNow CIS-CSM (ServiceNow Certified Implementation Specialist - Customer Service Management Exam)
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ServiceNow CIS-CSM (ServiceNow Certified Implementation Specialist - Customer Service Management Exam)
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