Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 7)

Page 7 of 47

A tangible asset is one which is:

  1. capable of being perceived
  2. capable of being appraised
  3. Both A & B
  4. Neither A nor B

Answer(s): C



_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

  1. Supplies
  2. Expenses
  3. Assets
  4. Equity

Answer(s): A



__________ are the amounts which are owned to other entities:

  1. Supplies
  2. Expenses
  3. Assets
  4. Liabilities

Answer(s): D



Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

  1. True
  2. False

Answer(s): B



Page 7 of 47



Post your Comments and Discuss ACFE CFE - Financial Transactions and Fraud Schemes exam with other Community members:

Juliet commented on June 14, 2024
Please give questions for Financial Transactions
Anonymous
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christine commented on May 19, 2024
I have liked the questions shared.
KENYA
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Nosheen commented on March 30, 2024
The study guide has covers all the current exam topics. I sat for my test on Friday and passed with 81%.
INDIA
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kevin commented on September 29, 2023
physical tempering techniques
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kevin commented on September 29, 2023
Physical tempering techniques
Anonymous
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