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NEW QUESTION: 1
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600.
If Bubba sells the stock at $45 in July, what is his resulting tax liability for that transaction?
A. no liability established until the offsetting option position is closed
B. a $400 capital loss
C. a $400 gain
D. a $1,000 gain
Answer: D
Explanation:
Explanation/Reference:
Explanation: a $1,000 gain. There is a $1,000 gain on the stock. The option is a separate capital asset.

NEW QUESTION: 2
Which of the following is NOT a characteristic of an Agile approach to software development?
A. Testing throughout the life cycle.
B. Constant user participation in the development process.
C. Breaking the development down into phases.
D. Production of a detailed requirements specification.
Answer: D

NEW QUESTION: 3
User A Calls user. The call gets connected, but the quality is bed. What are two reasons for this issue? (Choose two)
A. Expressway-E provides a perimeter network that separates the enterprise network from the Internet.
B. The Expressway-C and Expressway-E pair can enable connectivity from the corporate network to the PSTN via a T1/E1 trunk.
C. Expressway-E provides a VPN entry point for Cisco IP phones with a Cisco AnyConnect client using authentication based on certificates.
D. Expressway-C provides encryption for Mobile and Remote Access but not for business-to-business communications.
E. The Expressway-C and Expressway-E pair can interconnect H 323-to-SIP calls for voice.
Answer: B,E