Oracle Exam 1Z0-516 Topic 7 Question 25 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 25
Topic #: 7

[All 1Z0-516 Questions]

Which three activities would use summary accounts? (Choose three.)

Acreating a monthly recurring standard journal entry to amortize goodwill

Ballocating the total monthly costs of the Information Services department to other departments

Cestimating a sales commission accrual based on the total of all product sales for each division

Dformulating a budget for employee benefits in each company based on the total of all budgeted employee salaries

Show Suggested Answer

Suggested Answer: A, C, D

by Dorothy at Jul 17, 2024, 02:55 PM

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Joaquin

1 months ago

I don't know, man. Amortizing goodwill? That's like trying to polish a turd. Give me some nice, clean summary accounts any day!

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Cherry

1 months ago

Hmm, this one's tricky. I'm leaning towards B, C, and D, but I might need to double-check my textbook just to be sure. Can't afford to mess this one up!

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Paola

5 days ago

User 3: Yeah, it's important to allocate costs and estimate accruals accurately.

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Novella

11 days ago

User 2: I agree, those activities seem to involve summarizing data for different departments.

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Silva

21 days ago

User 1: I think B, C, and D are the correct activities for summary accounts.

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Celia

2 months ago

Definitely B, C, and D. Gotta love those nice, juicy summary accounts! I bet the exam writers were really scraping the bottom of the barrel to come up with option A.

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Sonia

4 days ago

I think option A is just there to throw us off, it doesn't really fit with the other activities.

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Harley

7 days ago

Yeah, those are the most common uses for summary accounts in accounting.

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Tracie

18 days ago

Summary accounts definitely make things easier when it comes to allocating costs and estimating accruals.

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Margery

19 days ago

Yeah, A does seem like a bit of a stretch compared to the other options.

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Ula

21 days ago

I agree, B, C, and D are the way to go when it comes to summary accounts.

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Brinda

21 days ago

I agree, B, C, and D are definitely the activities that would use summary accounts.

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Edelmira

2 months ago

I agree with Brigette, those seem like the most logical choices. Amortizing goodwill is more of a specific journal entry, not a summary account activity.

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