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- Name: Blue Prism Certified ROM Architect Exam (Version 2)
- Exam Code: ARA02
- Certification: ARA02
- Vendor: Blue Prism
- Total Question: 630
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NEW QUESTION: 1
Which of the following options can be used to retrieve data from a database without directly connected to the tables in the database by using a visual basic application?
A. Query
B. Object
C. Report
D. Form
Answer: A
Explanation:
A query can be used to retrieve data from the database without directly connected to the tables in the database. It can be created for either a single table or for joining two or more tables. The query acts as a virtual table and users can retrieve data from it.
Answer options A, B, and C are incorrect. These are not valid options for this.
Reference:
Chapter: DATABASE, ADVANCED-LEVEL
Objective: Table Design
NEW QUESTION: 2
The S5731-H, S5732-H and S6730-H integrates an ENP chip.
A. TRUE
B. FALSE
Answer: B
NEW QUESTION: 3
After having been divorced for several years, Mrs. Blended has remarried a man with three children of his own. She has set up a revocable trust in which she deposited funds that she inherited when her mother died, so that the monies will go uncontested to her two biological children in the event of her own death.
These two adult children are the only beneficiaries of the trust. Mrs. Blended has no plans to touch any of the money in the trust unless circumstances demand it in the future. The trust is invested in a mutual fund that paid $500 in dividend income and distributed $3,000 in long-term capital gain income to the trust this year.
Which of the following statements is true regarding the tax treatment of these distributions?
A. Mrs. Blended must pay taxes on the $3,500 in distributions.
B. The distributions will not be taxed at this point; they will be taxed as part of the estate upon Mrs.
Blended's death.
C. The distributions will not be taxed at this point; they will be taxed only when Mrs. Blended or her beneficiaries make withdrawals from the trust.
D. Assuming her two adult children are equal beneficiaries, each one is responsible for paying tax on 50% of the income to the trust, or $1,750.
Answer: A
Explanation:
Explanation/Reference:
Explanation: If Mrs. Blended established a revocable trust that invested in a mutual fund that distributed
$3,500 total in dividend and capital gain income this year, Mrs. Blended is responsible for paying taxes on the distributions. Whether or not any monies or assets are withdrawn from a revocable trust, the grantor of the trust-in this case, Mrs. Blended-- is responsible for any taxes due.
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