SAP C_TS422_2020 Q&A - in .pdf

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  • Exam Code: C_TS422_2020
  • Exam Name: SAP Certified Application Associate - SAP S/4HANA Production Planning and Manufacturing
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  • Q & A: 85 Questions and Answers
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  • Exam Code: C_TS422_2020
  • Exam Name: SAP Certified Application Associate - SAP S/4HANA Production Planning and Manufacturing
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  • Exam Code: C_TS422_2020
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NEW QUESTION: 1
What is the maximum length for an instance profile name in AWS IAM?
A. 128 characters
B. 1024 characters
C. 64 characters
D. 512 characters
Answer: A
Explanation:
Explanation
The maximum length for an instance profile name is 128 characters.
http://docs.aws.amazon.com/IAM/latest/UserGuide/LimitationsOnEntities.html

NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment
required for these transactions. These treatments are:
. Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the
accounting change or error correction in the 1993 financial statements, and do not restate the 1992
financial statements.
. Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust
1 992 beginning retained earnings if the error or change affects a period prior to 1992.
. Prospective approach - Report 1993 and future financial statements on the new basis but do not restate
1 992 financial statements.
Item to Be Answered
Quo sells extended service contracts on its products. Because related services are performed over
several years, in 1993 Quo changed from the cash method to the accrual method of recognizing income
from these service contracts.
List B (Select one)
A. Cumulative effect approach.
B. Retroactive or retrospective restatement approach.
C. Prospective approach.
Answer: B
Explanation:
Choice "B" is correct. If comparative FS are issued, restate prior year's FS. If comparative FS are not
issued, restate prior year-end's retained earnings account by "adjusting" (net of tax) the opening balance
of the current retained earnings statement. Note that when an error is corrected, retroactive restatement is
used, and when there is a change in accounting principle, retrospective restatement is done. However,
this is only a difference in terminology.

NEW QUESTION: 3
A person purchasedcertainproperty in the name of his minor son and subsequently resold it while the son was minor. This sale is ___________________
A. Not void, as the Person who is selling is the caretaker of the property.
B. Not void, if the consent of the minor was taken.
C. Is valid if the court permission was taken under Section 18 of the Hindu Minority and Guardianship Act,1956
D. Is valid if the court permission was taken under Section 8 of the Hindu Minority and Guardianship Act,1956
Answer: D

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