Free CFE Braindumps


  • Exam Number: CFE
  • Provider: Financial
  • Questions: 416
  • Updated On: 9-Oct-2018

QUESTION: 1
Probable future economic benefits obtained or controlled by a particular entity as a result of past
transactions or events is called:

A. Asset
B. Determined asset
C. Operating Performance
D. Investment property

Answer(s): A
QUESTION: 2
What are recognized and accepted by state insurance departments in evaluating the solvency
of an insurer for statutory accounting purposes?

A. Assets
B. Determined assets
C. Admitted assets
D. Altered assets

Answer(s): C
QUESTION: 3
What do not contribute to an insurer's solvency as measured by statutory accounting
requirements?

A. Non-determined assets
B. Non-admitted assets
C. Unacknowledged assets
D. Disallow assets

Answer(s): B
QUESTION: 4
___________ is defined as an existing condition, situation, or set of circumstances involving
uncertainty as to possible loss to an enterprise that wil ultimately be resolved when one or more
future event(s) occur or fail to occur.

A. Compensation
B. Impairment
C. Reimbursement
D. Contingency

Answer(s): B
QUESTION: 5

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