Free CFE - Law Exam Braindumps (page: 19)

Page 19 of 41

Occupational fraud and abuse is a (an) _________________of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

  1. Equity
  2. Balance sheet
  3. Expense
  4. Financial record

Answer(s): C



When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

  1. Equity
  2. Accrual basis accounting
  3. Expense
  4. Financial record

Answer(s): B



Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the companys profits.

  1. True
  2. False

Answer(s): A



Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

  1. Accruals
  2. Depreciations
  3. Expenses
  4. Financial record

Answer(s): A



Page 19 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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