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NEW QUESTION: 1
A contingent asset is:
A. Recognized when damages to be awarded in a copyright infringement suit are highly probable.
B. Recognized when disclosure in the notes to financial statements only could be misleading.
C. Not recognized under any circumstances.
D. Recognized when condemnation awards are probable or can be reliably estimated.
Answer: C
Explanation:
A contingent asset is a possible asset arising from past asset and the existence of which will be confirmed only by uncertain future events not wholly within the entity's control. An example is a potential recovery on a legal claim with an uncertain outcome. A contingent asset is not recognized but should be disclosed if an inflow of economic benefits is probable. Disclosures include a description of the contingent asset and an estimate of its financial effects. A contingent asset is not recognized because the income may not be realized. However, if realization is virtually certain, the asset is not contingent and may be recognized.

NEW QUESTION: 2
Symmetric encryption utilizes __________, while asymmetric encryption utilizes _________.
A. Private keys, public keys
B. Private keys, session keys
C. Public keys, one time
D. Shared keys, private keys
Answer: D

NEW QUESTION: 3
Which of the following tools can be used to accelerate the creation of rules used to support PRPC connectors and services? (Choose Two)
A. Application Profile Wizard
B. Connector and Metadata Accelerator
C. Service Accelerator
D. Application Accelerator
Answer: B,C