Free CFE - Law Exam Braindumps (page: 18)

Page 18 of 41

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



The seller's price to the buyer is not fixed or determinable when:

  1. When the price is not contingent on some future events
  2. The transaction includes an option to exchange the product for others.
  3. A service or membership fee is not subject predictable cancellation during the contract period.
  4. Payment terms are not extended for a substantial period.

Answer(s): B



The difference between assets and liabilities is called:

  1. Equity
  2. Expense
  3. Revenue
  4. Income statement

Answer(s): C



________________is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.

  1. Equity
  2. Balance sheet
  3. Income statement
  4. Financial record

Answer(s): B



Page 18 of 41



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Bosco Oico commented on December 28, 2024
Yes. i have used this dump for CFE Investigations test yesterday- i found it useful because questions about 60% were closely related and some were exact. The only thing that needs to be improved is the accuracy of the answers. If some one read the CFE manual well, you will notice that some answers as they are answered according to the ACFE standard. So, i encourage anyone using Brain to verify answers, otherwise, its a good source to create confidence and sure pass
UGANDA
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