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Exam Code: GAFRB
Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
Vendor: AGA

60 Questions & Answers
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NEW QUESTION: 1
Topic 8, Scenario 8, V2 "Test Proems Improvement'
You have raised the issue that improving the testing process is also dependent on the status of the software development process.
Which of the following phases in the fundamental test process is considered to deliver a document which can be used as a major input for test process improvement?
A. Test planning and control
B. Test implementation & execution
C. Test project closure
D. Evaluating exit criteria and reporting
Answer: C

NEW QUESTION: 2
You have a SharePoint Server farm.
You create a Managed Metadata Service application.
You plan to create site columns and site content types that will be used by all the site collections.
You need to publish the site columns and the site content types to the site collections.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Configure the connection properties of the Managed Metadata Service application.
B. Activate Content Deployment Source feature.
C. Configure the properties of the Managed Metadata Service application.
D. Activate Content Type Syndication Hub for a site collection.
E. Activate Cross-Site Collection Publishing
Answer: B,C,D

NEW QUESTION: 3
Simple Simon owns 1,000 shares in the Pasty Pie Corporation, which has just declared a stock dividend
of 5%.Just prior to this announcement, Pasty Pie was selling for $10 a share. This announcement will:
A. increase Pasty's shares outstanding and reduce Simple's proportionate ownership in the firm.
B. increase the number of shares that Simple owns to 1,050, but this will not affect the market value of
Simple's holdings.
C. increase the number of shares that Simple owns to 1,050, which will increase the market value of the
shares that he owns from $10,000 to $10,500.
D. increase Simple's cash by the amount of the dividend paid: 0.05 x $10 = $0.50 x 1,000 shares = $500.
Answer: B
Explanation:
If Simple Simon owns 1,000 shares of Pasty Pie Corporation when Pasty declares a 5%
stock dividend, the stock dividend will increase his number of shares to 1,050, but it will not affect the
market value of Simple's holdings since the market price per share will also decrease proportionately. The
aggregate market value of the firm stays the same, but the number of shares outstanding increases,
resulting in a lower market value per share. Simple's proportionate ownership remains the same because
his shares increased in the same percentage as the shares outstanding of the firm did. A stock dividend
does not result in any cash payments to the shareholders.


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