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Exam Code: IIA-CIA-Part1
Exam Name: Essentials of Internal Auditing
Vendor: IIA

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NEW QUESTION: 1
In all three distributed vRealize Automation architecture designs, which port must be available to all vRA servers?
A. 0
B. 1
C. 2
D. 3
Answer: D

NEW QUESTION: 2
Which of the following statements concerning a general power of appointment is (are) correct?
1.A general power of appointment is a power over property so broad that it approaches actual ownership or control over the property subject to the power.
2.The property subject to a general power of appointment will be includible in the gross estate of the holder of the power if held until death.
A. 1 only
B. Neither 1 nor 2
C. Both 1 and 2
D. 2 only
Answer: C

NEW QUESTION: 3

A. stat
B. type
C. where
D. case
Answer: B

NEW QUESTION: 4
BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100
*
bonds outstanding.
6.25% convertible preferred stock, $100 par, 2,315 shares outstanding. Convertible into 3.3
*
shares of common stock, Issue price $100
8% convertible preferred stock, $100 par, 2,572 shares outstanding. Convertible into 5 common
*
shares, Issue price $80
9,986 warrants are outstanding with an exercise price of $38. Each warrant is convertible into 1
*
share of common.
Average market price of common is $52.00 per share. Common shares outstanding at the
*
beginning of the year were 40,045.
Net Income for the period was $200,000, while the tax rate was 40%.
*
What were the Diluted EPS for the year?
A. 3.06
B. 3.01
C. 2.95
Answer: A
Explanation:
(100 bonds)(33 common shares/bond) = 3,300 common shares (2315 preferred shares)(3.3)
= 7640 (2572 preferred shares)(5) = 12860 7640 + 12860 = 20,500 common shares from preferred
($200,000 - $35,045) + $35,045 + $3,675/40,045 + 3,300 + 20,500 + 2689 = $203,675/66534 shares =
3 .06


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