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Exam Code: IIA-CIA-Part3-KR
Exam Name: Business Knowledge for Internal Auditing (IIA-CIA-Part3 Korean Version)
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
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, 3,710 shares outstanding. Convertible into 3.3
*
shares of common stock, Issue price $100 8%
convertible preferred stock, $100 par, 5,604 shares outstanding. Convertible into 5 common
*
shares, Issue price $80
12,380 warrants are outstanding with an exercise price of $40. Each warrant is convertible into 1
*
share of common.
Average market price of common is $53.00 per share. Common shares outstanding at the
*
beginning of the year were 45,888.
Net Income for the period was $200,000, while the tax rate was 40%.
*
How many new shares had to be issued to facilitate warrant conversion?
A. 0
B. 1
C. 2
Answer: B
Explanation:
(12380)(40) = $495,200 $495,200/$53 = 9343 common shares 12380 - 9343 = 3037

NEW QUESTION: 2
You are developing a data contract for a Windows Communication Foundation (WCF) service.
The data in the data contract must participate in round trips. Strict schema validity is not required.
You need to ensure that the contract is forward-compatible and allows new data members to be added to it.
Which interface should you implement in the data contract class?
A. IExtensibleObject(Of T)
B. ICommunicationObject
C. IExtensibleDataObject
D. IExtension(Of T)
Answer: C

NEW QUESTION: 3
Refer to the exhibit.

All switches have default bridge priorities, and originate BPDUs with MAC addresses as indicated. The numbers shown are STP link metrics. Which two ports are forwarding traffic after STP converges? (Choose two.)
A. The port connecting switch SWC with switch SWE
B. The port connecting switch SWB with switch SWC
C. The port connecting switch SWG with switch SWF
D. The port connecting switch SWD with switch SWE
Answer: A,B
Explanation:
Here, we know SWB to SWC are forwarding because we already identified the blocking port. So for the last correct answer let's consider what must be done to prevent a switch loop between SWC/SWD/SWE. SWE to SWD will be blocked because SWC has a lower MAC address so it wins the forwarding port. And to look at it further, you could try to further understand what would happen with ports on SWG. Would the ports on SWG try to go through SWE or
SWF? SWE has the lower MAC address so the port from SWG to SWE would win the forwarding election. Therefore, answer B could never be correct.

NEW QUESTION: 4
You have entered a non-invoice-related credit memo and selected the term of payment "Net due 30 days". The Invoice Reference field is empty (it contains neither a document number nor a V).
What effect does this have on the term of payment?
A. The term of payment is valid.
B. The term of payment is copied from the last valid invoice of the customer.
C. An error occurs.
D. The term of payment is invalid.
Answer: D


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