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Exam Code: IIA-CIA-Part2
Exam Name: Practice of Internal Auditing
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
Where are labor option settings defined?
A. Person application
B. Organizations application
C. Labor application
D. Sites application
Answer: B
NEW QUESTION: 2
The Gaffe Company had net income of $1,500,000. Gaffe paid preferred dividends of $5 on each of the 100,000 preferred shares. Each preferred share is convertible into 20 common shares. There are 1 million Gaffe common shares outstanding. In addition to the common and preferred stock, Gaffe has $25 million of 4 percent bonds outstanding. If Gaffe's tax rate is 40 percent, what is its diluted earnings per share?
A. $0.33.
B. $0.50
C. $1.00.
Answer: B
Explanation:
Earnings available to common shares is net income available to common ($1 million) plus the preferred dividends ($500,000). The preferred shares are convertible into 100,000 x 20 = 2 million common shares.
NEW QUESTION: 3
One of the key tasks for the architecture governance board to address in Phase H is ____.
A. Revising and improving the organization's architecture framework and principles established in the Preliminary Phase.
B. Ensure that change requests are focused on enhancing business value.
C. Establishing criteria to judge when a change request warrants an update or a full ADM cycle.
D. Ensure that changes to the architecture occur in a managed and architected fashion.
E. All of these
Answer: E
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