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IIBA CBDA
Certification in Business Data Analytics (IIBA - CBDA)
Questions and Answers | : 347 |
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NEW QUESTION: 1
Which of the following actions will result in a taxable event for Tex Payor, an investor in the Invest4U
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I. Tex sells some of his shares of the fund at a profit.
II. Tex exchanges some of his shares in Invest4U for shares of another fund in the same family of funds.
III. Tex opts to reinvest any dividend or capital gain income he might have received in the fund to buy
additional shares of the fund in lieu of receiving a check from the fund.
A. I only
B. I and II only
C. I and III only
D. I, II, and III
Answer: D
Explanation:
All three selections describe actions that will result in a taxable event for Tex Payor as an
investor in the Invest4U Mutual Fund. If Tex sells some of his shares of the fund for a profit, he will earn
capital gains, which represent taxable income to him. When he exchanges some shares of Invest4U for
another, he is selling shares of Invest4U to reinvest in the other, and the sale of the shares in Invest4U will
result in either a capital gain or capital loss that he must report to the IRS. Even if Tex chooses to reinvest
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What attribute of a subledger journal entry is NOT transferred to GL?
A. Accounting class
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D. Supporting references
Answer: D
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VCE Exam Simulator
IIBA CBDA
Certification in Business Data Analytics (IIBA - CBDA)
VCE Exam Simulator Q&A | : 347 |
Q&A Update On | : January 3, 2019 |
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IIBA CBDA (Certification in Business Data Analytics (IIBA - CBDA))
Questions and Answers : 347 Q&A Update On : January 3, 2019 File Format : PDF Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98 Mac Compatibility : All Versions including iOS 4/5/6/7 Android : All Android Versions Linux : All Linux Versions Download CBDA Sample Questions -
VCE Exam Simulator Software
IIBA CBDA (Certification in Business Data Analytics (IIBA - CBDA))
VCE Exam Simulator Q&A : 347 Q&A Update On : January 3, 2019 File Format : Installable Setup (.EXE) Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98 Mac Compatibility : Through Wine, Virtual Computer, Dual Boot Download Software VCE Exam Simulator Software Download CBDA Sample Exam Simulator VCE Exam Simulator Installation Guide
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